It’s High Time the corpoRATe “investor class” Pay the Piper!
*** DOW DEATH SPIRAL™ ***
|Trade Time:|| 4:02pm Mar. 3, 2009
|Day’s Range:||6,705.63 – 6,855.29|
|52wk Range:||6,661.74 – 13,191.50|
DIVE, DIVE, DIVE!
Here’s a suggestion for real hope, change and responsibility:
– Ralph Waldo Emerson
Well Cricketeers, the ethically challenged corpoRATe investor class has had their profiteering swan song and they have done their subprime dance. The piper’s bill has come due, and they need be made to pay up! Alas, the two parties of the apocalypse are hell bent on continuing to trip the light fantastic via their lemon socialist corpoRATe welfare bailout rug cutting. Here is one of the first guests invited to the corpoRATe spring cotillion. Pitifully ancient corpoRATe deb aig! Now that the corpoRATe bonus and junket punch bowl has been emptied during the corpoRATe yuletide celebration. The feckless appaRATchiks in washingtOOn are AGAIN looting the treasury to refill the bowl to overflowing! This from fortune:
AIG Band-Aid offers no cure
The latest bailout of the struggling insurance giant did little to calm fears about the financial sector as investors worry about more troubles ahead.
Colin Barr, senior writer
March 2, 2009
NEW YORK (Fortune) — The government has a new remedy for sickly financial giants — but signs of healing remain scarce.
On Monday, the Treasury Department unveiled yet another plan to support struggling insurer AIG, which posted a 2008 loss of $99 billion.
Treasury said the latest restructuring in AIG’s bailout — the third since the company first received an $85 billion loan last September — “will help stabilize the company, and in doing so help to stabilize the financial system.”
SONOFABUSH! No matter how many taxpayer funded trillion dollar ball gowns the neolib klinton klan hillbillies gift this skanky corpoRATe whore aig with, she will NEVER BE A HOT BABE! It should now be clear to ALL that the corpoRATe johns of both parties of the apocalypse in washingtOOn have a dose of gonostupiditus™ due to their years of bedding these cheap corpoRATe whores like aig! The time has come for a massive dose of capitalist economics penicillin to be shot into the bloated asses of the corpoRATeers!
What would the cure look like? Here’s one corpoRATe executhief that’s getting just a small dose and is already crying foul! This from reuters:
individual shareholder, accuses AIG of hiding losses.
March 2, 2009
NEW YORK (Reuters) — American International Group Inc, whose $61.66 billion quarterly loss was the largest ever for a U.S. company, has been sued for securities fraud by former Chief Executive Maurice “Hank” Greenberg.
Greenberg, the insurer’s largest individual shareholder, accused AIG of overstating its financial health and masking losses on credit default swaps that hedged default risk for at least $527 billion of debt.
He said AIG’s “material misrepresentations and omissions” had caused him to acquire shares as part of various deferred compensation plans at an inflated price, and later to lose nearly his entire investment after AIG’s losses became known.
AIG shares closed at $54.37 on Jan. 30, 2008, the date that Greenberg said he acquired AIG shares through the deferred compensation plans.
The shares closed Monday at 42 cents after news of the fourth-quarter loss and yet another government rescue deal.
DAGNABIT! This corpoRATe pimp emeritus hank should be facing RICO statute prosecution for his years of mismanagement of the aig whore! Instead, due to the failure of the federal department of injustice. hank the corpoRATe pimp is getting to litigation bitch slap the aig ho for holding out on him? Face it hank, that bitch just ain’t in your stable anymore! I look forward to seeing the current execupimp at aig and hank have at it with court motion switchblades! With any luck, all the execupimps will slash each other to pieces! I opine that hank should get used to the idea that he is now an investor class john, and should not be surprised when he winds up with painful urination after being one of the corpoRATe whores stock tricks!
On a real laugh of a hypocrite note. This corpoRATe pimp emeritus hank was once a dues paying member of the us chamber of corpoRATe con jobs infamous “institute of legal reform.” Our illustrious corpoRATe skank rider hank chipped in 25 million dollars in a failed attempt to change the law and prevent stock holders from suing the company for lying about it’s financial health, which exactly why hank is suing aig! heheheheheheheheh! ROFL! LMFAO!
This brings me to the massive dose cure! All the corpoRATe whores like aig, shittybank, etc. should be sent into immediate receivership. These execupimps will never be able to doll up the corpoRATe skanks, no matter how much good tax payer money is thrown after bad. The GOOD assets of the corpoRATe whores should immediately be seized and become property of the tax payers. All toxic assets should be dumped on the investor class johns. Should they need remedy, the investor class johns can sue the execupimps like hank for their mismanagement, with the hope of extracting some of the zillions of dollars in personal wealth the execupimps looted from their corpoRATe whores!
Dump the economic disaster on them that caused it! The corpoRATe execupimps and investor class johns! After the taxpayers have been made whole, let the corpoRATe execupimps and investor class johns battle it out in court to see who gets their corpoRATe whores tattered panties!
In the mean time, the phony “debate” concerning the failure of statusquobama to make good on his loose change poetics promise to repeal the laBUSHanostra tax cuts to the pig corpoRATe rich (Flippity Floppity!), has been morphed into a debate about “raising taxes in time of economic stress.” Up in your sister mary’s ass feckless appaRATchiks! I can hear the obamapologists now! “He fought the good fight and lost” they will claim! That will be the latest addition to obamessiah’s excuse catechism!
The pig corpoRATe rich have robbed the rest of us blind and CRASHED THE WORLD ECONOMY! We need extract every dime we can from these thieves, by all means necessity and with extreme prejudice!
EAT THE FUCKING pig corpoRATe rich!
laBAMAnostra and laBUSHanostra agree:
- That the disaster of a war should continue indefinitely. laBAMAnostra has the same exit strategy as laBUSHanostra did, no exit strategy what so ever! The corpoRATe pigs agree the current war should be escalated and additional wars should be started whenever possible!
- That the waste, fraud, and abuse pork barrel spending on ever larger pentagon budgets should continue and money “should be no object” when it comes to the funding of military death and destruction! paygo my ass!
- That the thieving corpoRATe insurance companies (the rotten aig being only the tip of the corpoRATe iceberg in the insurance larceny business) should be able to continue to pocket almost half of our health care dollars via the waste fraud and abuse filled current “free market health care system.” This ripoff comes in the form of over the top corpoRATe insurer “administrative costs” and corpoRATe drug pusher profiteering even as the rest of us are badly served by their wealth care, NOT REALLY HEALTH CARE SYSTEM!
- That the wal-fare system (click this link to see how I defined the wal-fare system in an earlier post) started by the klinton klan co-presidents slick willy and hillary dillary doo (she a former walmart board member and both former co-presidents are now made members of laBAMAnostra) and made ever worse by the waste, fraud, and abuse pork barrel funding of so called “faith based” organizations should be able to continue to poverty pimp we poor folks into ever deeper poverty! Punitive policies that force us into slave labor, low wage “jobs” and sermons are no replacement for the basic human needs based system we should have!
- That the inherently dishonorable corpoRATe criminals should be allowed to continue to “self police” as the idiots in washingtOOn chant the tired deregulation mantra!
It’s time to put an end to deregulation and the kid glove wrist slap treatment they get by regulating the corpoRATeers and RICO statute CRIMINAL PROSECUTIONS OF THE corpoRATe THIEVES!
The Telepathic Crickets™ on the ClapSotronics editorial board and I send out a hardy FUCK YOU to the corpoRATe execupimps and their investor class johns!
The spiritually miraculous takes a bit longer