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your bailout dollars at work

Old 10-15-2008, 08:00 PM
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Default your bailout dollars at work

http://www.foxnews.com/story/0,2933,438681,00.html
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Old 10-15-2008, 11:25 PM
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America, **** yeah.
Old 10-15-2008, 11:30 PM
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woohoo! Glad to see they are spending it wisely!

I dont buy this "it was a preplanned trip" BS. Just like the first event they blew on entertaining whoever. Complete .

Like saying, I almost had to foreclose my house until federal aid saved it... Oh, bye the way, I'm still taking my 'preplanned' $10,000 trip to the hawaiian islands since I dont want to lose the $500 deposit.

Yeah yeah, I know they are 'entertaining' exec's/customers with rewards for selling policies and making money yada yada yada... Really though, if the only way you can encourage people to sell **** is to send them or the customers to exotic resorts and ellaborate hunting excursions blowing through tax payer money..... your product or service must really suck and doesn't deserve the aid.
Old 10-16-2008, 01:12 AM
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So where is there next hunting trip going to be?
Old 10-16-2008, 01:36 AM
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Originally Posted by crooked BASTERDS
Company officials said the hunting trip in the English countryside was an annual event for customers that had been planned months before the bailout.
thats odd, i was a "customer" of AIG for about 5 years... until they sent me a letter saying that due to prices of EVERYTHING going up, so does your insurance rate.

But anyways, i still dont remember getting a paid vaca by them. hell i didnt even get lube. They could have at least spit on it, jeez...
Old 10-16-2008, 02:46 AM
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nice to see someone's enjoying my money instead of me.
Old 10-16-2008, 07:42 AM
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I just got done reading Ted Nugents book Ted,White and Blue.If you want to know more about this country & Politics you have to read this book.Here is one of his quotes (The shattered skulls of tyrants should be used for traction under the boots of justice ).
Old 10-16-2008, 05:17 PM
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Originally Posted by blk/slvr02ss
The shattered skulls of tyrants should be used for traction under the boots of justice .
AMEN!
Old 10-16-2008, 05:46 PM
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Ted Nugent should seriously run for president. Him and Gene Simmons on the same ticket would rock.
Old 10-16-2008, 10:13 PM
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Ok, some of you guys seem to have this a little wrong. First of all, I'm not a supporter of the bail out plan....or Obama's socialistic "change" he wants to bring to America. But you all aren't getting the whole story here.

First off, these "Executives" aren't actual employees of AIG. They are the big time salesman of their Insurance. They have plenty of other insurance companies that they can chose from to sell to potential customers, hence why they were referred to as "customers" in the story. This is normal practice by AIG and insurance companies to "win" support by these agents who are then swayed to sell AIG more than the next company. Granted, I don't agree with this type of practice, but it's the way it has been for awhile now. All these trips happen multiple times EVERY year. It's almost an "advertisement" budget type of expense. To quote the article which was quoting AIG "all nonessential conferences, meetings and activities that do not clearly maximize value and service given the current conditions." I bolded the part that was important. As while from the outside it seems as careless spending, it's something that brings about extra business to the company, by swaying those big time agents to sell AIG.

So, I ask you what's worse? Loaning a crap ton of money to this business and make it stop these trips, and inturn lose business, and then lose profit? Or, have them continue this advertising and keep business profits normal, or higher? Which in turn, will help them payback the money quicker.

And btw....I'd definitely vote for Ted!
Old 10-17-2008, 12:15 AM
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Originally Posted by black00ssFL
Ok, some of you guys seem to have this a little wrong. First of all, I'm not a supporter of the bail out plan....or Obama's socialistic "change" he wants to bring to America. But you all aren't getting the whole story here.

First off, these "Executives" aren't actual employees of AIG. They are the big time salesman of their Insurance. They have plenty of other insurance companies that they can chose from to sell to potential customers, hence why they were referred to as "customers" in the story. This is normal practice by AIG and insurance companies to "win" support by these agents who are then swayed to sell AIG more than the next company. Granted, I don't agree with this type of practice, but it's the way it has been for awhile now. All these trips happen multiple times EVERY year. It's almost an "advertisement" budget type of expense. To quote the article which was quoting AIG "all nonessential conferences, meetings and activities that do not clearly maximize value and service given the current conditions." I bolded the part that was important. As while from the outside it seems as careless spending, it's something that brings about extra business to the company, by swaying those big time agents to sell AIG.

So, I ask you what's worse? Loaning a crap ton of money to this business and make it stop these trips, and inturn lose business, and then lose profit? Or, have them continue this advertising and keep business profits normal, or higher? Which in turn, will help them payback the money quicker.

And btw....I'd definitely vote for Ted!

Now THAT deserves an amen!
Old 10-17-2008, 09:20 AM
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Were it says on the Ballot you can write in you own Presidential nominee i think everyone should put in Uncle Ted the Motor City Madman.
Old 10-17-2008, 05:35 PM
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Originally Posted by black00ssFL
Ok, some of you guys seem to have this a little wrong. First of all, I'm not a supporter of the bail out plan....or Obama's socialistic "change" he wants to bring to America. But you all aren't getting the whole story here.

First off, these "Executives" aren't actual employees of AIG. They are the big time salesman of their Insurance. They have plenty of other insurance companies that they can chose from to sell to potential customers, hence why they were referred to as "customers" in the story. This is normal practice by AIG and insurance companies to "win" support by these agents who are then swayed to sell AIG more than the next company. Granted, I don't agree with this type of practice, but it's the way it has been for awhile now. All these trips happen multiple times EVERY year. It's almost an "advertisement" budget type of expense. To quote the article which was quoting AIG "all nonessential conferences, meetings and activities that do not clearly maximize value and service given the current conditions." I bolded the part that was important. As while from the outside it seems as careless spending, it's something that brings about extra business to the company, by swaying those big time agents to sell AIG.

So, I ask you what's worse? Loaning a crap ton of money to this business and make it stop these trips, and inturn lose business, and then lose profit? Or, have them continue this advertising and keep business profits normal, or higher? Which in turn, will help them payback the money quicker.

And btw....I'd definitely vote for Ted!
I don't have it wrong as you state, and just because it has been going on for a long time, does not make it right or ethical in our state of economy.
Do you really think AIG is going to repay the loan? The execs are now going to scavenge and distribute their own parachutes different ways, then do their own "bail out" and head to vegas or something.
another vote for uncle Ted
/rant
Old 10-17-2008, 10:32 PM
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Originally Posted by black00ssFL
Ok, some of you guys seem to have this a little wrong. First of all, I'm not a supporter of the bail out plan....or Obama's socialistic "change" he wants to bring to America. But you all aren't getting the whole story here.

First off, these "Executives" aren't actual employees of AIG. They are the big time salesman of their Insurance. They have plenty of other insurance companies that they can chose from to sell to potential customers, hence why they were referred to as "customers" in the story. This is normal practice by AIG and insurance companies to "win" support by these agents who are then swayed to sell AIG more than the next company. Granted, I don't agree with this type of practice, but it's the way it has been for awhile now. All these trips happen multiple times EVERY year. It's almost an "advertisement" budget type of expense. To quote the article which was quoting AIG "all nonessential conferences, meetings and activities that do not clearly maximize value and service given the current conditions." I bolded the part that was important. As while from the outside it seems as careless spending, it's something that brings about extra business to the company, by swaying those big time agents to sell AIG.

So, I ask you what's worse? Loaning a crap ton of money to this business and make it stop these trips, and inturn lose business, and then lose profit? Or, have them continue this advertising and keep business profits normal, or higher? Which in turn, will help them payback the money quicker.

And btw....I'd definitely vote for Ted!
I have heard discussions about how it drums up their business. Like stated above, I still think its over the top. Having a conference at a reasonable location and even catering some decent food is one thing... But staying at the St. Regis Resort? Com'on now bud... honestly, who think that's reasonable? check that link and check out their rates at that place! tsk tsk tsk...
Old 10-18-2008, 06:06 AM
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First off, I don't even know why AIG needed the money to begin with. The company, as a whole, is stable. And the losses they recieved due to this recent fiasco is about the same they recieve when a major hurricane hits. They weren't THAT bad off.
Old 10-18-2008, 08:56 AM
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Maybe they need the money because they quoted me 3x the price on car insurance compared to everyone else so I took my business to Progressive.
Old 10-18-2008, 11:44 AM
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Originally Posted by Kalgorn
Maybe they need the money because they quoted me 3x the price on car insurance compared to everyone else so I took my business to Progressive.
LOL that is what I did also
Old 10-18-2008, 02:10 PM
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Originally Posted by FBodyPerformer
Now THAT deserves an amen!
anything that has to do with getting rid of the two knuckleheads that are running for president deserves an amen!
Old 10-18-2008, 04:12 PM
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they should be hung
Old 10-19-2008, 12:17 PM
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I personally believe that if us Americans need to pay a lil more in taxes so that the government can give some money to banks so that they can start lending again and therefore start getting this country's economy back on track, then Im all for it. I dont think its a perfect plan, but its a plan that has the possibility of stopping a depression!

And I personally believe that its the Americans that caused this and at fault. THEY took out loans they cant afford. Its the point of having a business to try and sell and make a profit. Its up to the buyer to be responsible enough to know what they can or cannot afford, not take the word of the seller.

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