Two Questions and a Comment on AIG

One: If these were retention bonuses as Mr. Liddy says why pay 11 people who no longer work at AIG Financial Products?

Two: If these payouts to AIG’s counterparties are for Credit Default Swaps crafted by AIGFP, what were the events that triggered the payouts and were these payouts based on actual defaults on underlying assets or were they merely bets on bets?

The irony of all this is that just like Liddy is using the retention argument, and that the bomb makers are the only ones who know how to defuse the bomb, it is a similar one made by Obama’s administration. The Administration’s Geithner, Rubin and Summers are bomb makers as well and they are in charge of defusing all of the bombs.

Like I keep on saying and repeating ad nauseam, it is all about the Credit Default Swaps and the Counterparties. Until we deal with that and break the Wall Street Banksters hold on Washington, etc., and wipe out the CDS bets on bets and not the underlying asset bets, we are doomed and there can never be a resolution to this extraordinary situation.

So are you surprised that Goldman Sachs is at the top of the list? Not me! And let’s talk to the UAW about that Contract argument shall we!

JMHO!