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IIRC, the federal government wasn't the only entity to make a buck off of their bailout.

kalm wrote:IIRC, the federal government wasn't the only entity to make a buck off of their bailout.

AIG just issued a commercial bragging about that, too. Yuck!

A couple quick things to google:

1. Fiduciary duty owed to shareholders
2. Business judgment rule

Damned if you do, damned if you don't in this case.

Conks

D1B wrote:Conks

Donks

ASUMountaineer wrote:

D1B wrote:Conks

Donks

We need an abbreviated nickname for corporatists.

kalm wrote:

ASUMountaineer wrote:
Donks

We need an abbreviated nickname for corporatists.

We do....they're called "progressives".

Baldy wrote:

kalm wrote:
We need an abbreviated nickname for corporatists.

We do....they're called "progressives".

but still

kalm wrote:

Baldy wrote: We do....they're called "progressives".

but still

At least you didn't attempt to disagree.

Baldy wrote:

kalm wrote:
but still

At least you didn't attempt to disagree.

How could he?

AZGrizFan wrote:

Baldy wrote: At least you didn't attempt to disagree.

How could he?

Would love to see a reasonable explanation as to how most progressives/liberals are corporatists, but I won't hold my breath.

AZGrizFan wrote:

Baldy wrote: At least you didn't attempt to disagree.

How could he?

No need whatsoever. We already know you two think Obama and congressional Dems are progressives.

Just out of curiosity and to stick with the thread, which "progressive" administration was in power when AIG was initially bailed out? And who benefited the most from that bailout? And do those beneficiaries only donate to the "progressive" Democratic Party?

Grizalltheway wrote:

AZGrizFan wrote:
How could he?

Would love to see a reasonable explanation as to how most progressives/liberals are corporatists, but I won't hold my breath.

One word:

Obamacare

Next?

Grizalltheway wrote:

AZGrizFan wrote:
How could he?

Would love to see a reasonable explanation as to how most progressives/liberals are corporatists, but I won't hold my breath.

Quit being mean...it's a hardcore fiction they've created for themselves... an important part of their mythology.

AZGrizFan wrote:

Grizalltheway wrote:
Would love to see a reasonable explanation as to how most progressives/liberals are corporatists, but I won't hold my breath.

One word:

Obamacare

Next?

kalm wrote:

AZGrizFan wrote: One word:

Obamacare

Next?

Unions.

Next?

AZGrizFan wrote:

kalm wrote:

Unions.

Next?

Swing carefully, you're 0-2 after two massive whiffs.

Grizalltheway wrote:

AZGrizFan wrote:
Unions.

Next?

Swing carefully, you're 0-2 after two massive whiffs.

Really? Define corporatist then.

AZGrizFan wrote:

kalm wrote:

Unions.

Next?

Better but relatively insignificant compared to Obama's corporate donations. And back to healthcare...who do you think Obamacare helped more, unions or health insurance companies and pharma? Did unions help write that legislation?

Next?

kalm wrote:

AZGrizFan wrote:
Unions.

Next?

Better but relatively insignificant compared to Obama's corporate donations. And back to healthcare...who do you think Obamacare helped more, unions or health insurance companies and pharma? Did unions help write that legislation?

Next?

Yes.

AZGrizFan wrote:

kalm wrote:
Better but relatively insignificant compared to Obama's corporate donations. And back to healthcare...who do you think Obamacare helped more, unions or health insurance companies and pharma? Did unions help write that legislation?

Next?

Yes.

Good answer.

Grizalltheway wrote:

AZGrizFan wrote:
How could he?

Would love to see a reasonable explanation as to how most progressives/liberals are corporatists, but I won't hold my breath.

The problem is you and kalm don't seem to know the true and correct definition of corporatism....which is assigning and organizing society, the economy, etc. into separate interest groups. To use these groups for political influence and power and controlling the people and activities within their sphere of influence. Labor unions, the Congressional Black Caucus, NAACP, Hyphenated-Americanism, "gender identity", etc. Donks/"progressives"/Liberals have been pigeonholing society for decades now, and is the exact reason why ANY "progressive" worth his weight is a fervent opponent of individualism.

Baldy wrote:

Grizalltheway wrote:
Would love to see a reasonable explanation as to how most progressives/liberals are corporatists, but I won't hold my breath.

The problem is you and kalm don't seem to know the true and correct definition of corporatism....which is assigning and organizing society, the economy, etc. into separate interest groups. To use these groups for political influence and power and controlling the people and activities within their sphere of influence. Labor unions, the Congressional Black Caucus, NAACP, Hyphenated-Americanism, "gender identity", etc. Donks/"progressives"/Liberals have been pigeonholing society for decades now, and is the exact reason why ANY "progressive" worth his weight is a fervent opponent of individualism.

Someone just visited Wiki.

BTW - not that the media cares since they've gotten their headline out of this, but the AIG board decided not to pursue the lawsuit or support Hank Greenburg in his lawsuit.

http://www.aig.com/press-releases_3171_438003.html" onclick="window.open(this.href);return false;

“In considering and ultimately refusing the demand before us, the Board of Directors properly and fully executed our fiduciary and legal obligations to AIG and its shareholders,” said Robert S. “Steve” Miller, Chairman of the AIG Board of Directors. “America invested in 62,000 AIG employees, and we kept our promise to rebuild this great company, repay every dollar America invested in us, and deliver a profit to those who put their trust in us. To date, AIG has returned $205 billion to America, including a profit of $22.7 billion. We continue to thank America for its support.”