Aig’s Ex-ceos Blamed For Crisis: House Panel Chairman Rep. Henry Waxman Says Executives Got Undeserved Riches, While Ex-ceos Robert Willumstad And Martin Sullivan Blame Accounting Rules For Leading To $85b Bailout. Huge Bonuses That They Didn’t Deserve.
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Tags : $85b, Accounting, Aig's, Bailout., Blame, Blamed, Bonuses, Chairman, Crisis, Deserve, Didn't, Exceos, Executives, Henry, House, Huge, Leading, Martin, Panel, Rep., Riches, Robert, Rules, Says, Sullivan., They, Undeserved, Waxman, Willumstad
why don’t mortgages have a book value like a car, stocks,etc..? a value that will never below a certain point..
November 18, 2009 12:03 am | #1Thats not what book value is. Book value is how much something is worth at the time it is recorded on the books. Its more like a snapshot in time than a limit.
November 18, 2009 12:38 am | #2Waxman is in the list of shame of democrats no supporting resolution HR1207 to audit the FED
November 18, 2009 1:19 am | #3Maybe because he is aware that the Fed already gets audited?
November 18, 2009 1:39 am | #4Waxman was the head of the Dept. of Energy when him and his fellow thieves passed the Medical Device User Fee Amendment of 2007. I am a small manufacturer of teeth polishers. This law made my annual registration go from $50 a year to $6000 a year with $1000 increases per year. . With the stroke of a pin this scum destroyed a 15 year business. Their reason was that they deserve the money more than the people who earned it. So all my hard work and sacrifice goes to N.W.O. thieving filth.
November 18, 2009 2:08 am | #5World financial banking crisis is due to massive and systematic fraud. The truth is revealed by a former Regulator (now a university professor). If you really want to know who is responsible for the current financial mess, check this out:watch?v=CQ4JXW_ErXQThis deserves to go viral.
November 18, 2009 2:17 am | #6Wheres the lynch mob when u need them?
November 18, 2009 2:31 am | #7Large transfer of wealth from the American middle class and poor to the Wall Street elite. These idiot/FAR OVERPAID investment bankers and even more retard executives bringing down an empire. Fascinating.
November 18, 2009 2:32 am | #8AIG sold  an Insurance policy covering home loans no matter how bad they were. They had nothing to back their policy,nothing. That is a Ponzi scheme. Madoff will have company in jail.
November 18, 2009 3:01 am | #9“AIG sold an Insurance policy covering home loans” ??!!u sure about that?lol…sad.
November 18, 2009 3:50 am | #10