I'm glad Time published this article. What is not lost on me are two glaring points, the leader of this organization chose not to provide his name and there were students who asked for additional information.
Like it or not racism and bigotry is deep in our country's DNA. The Obama campaign has brought out the best and the worst of who we are.....
With the Klan, you know where you stand. What frightens me are those who don't acknowledge their bigotry. Speaking about those people when you don't think someone you speak of is in the room is a problem that the Republicans do not have an exclusive.
"It is hard for us without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions."
-Joseph J. Cassano,
former AIG insurance executive
The day after Cassano uttered that sentenced, he should have fired and the books examined.
By creating this hybrid product these criminals were able to skirt the insurance regulators. The bottom line was this was an a re-insurance product.
What does that mean? Insurance companies rarely assume all of their risk. Depending on the nature of the risk, re-insurance companies buy the coverage at a certain level. For example, after claim reaches $500,000 a re-insurance carrier starts paying. This is all seamless transaction to the paying customer.
AIG as usual was playing by their own rules. Well, the rest of us have to play industry rules and regulations. What entity was created to make a ton of money without reporting their activities. This was done to intentionally. Isn't intent a criteria for pressing charges?
The feds are looking into what brought our economy to the brink of collapse. My hope is a whistle blower will emerge to assist with the investigation.
Cassano should be rooming with the boys from Enron and WorldCom.
But we should really need to look at our societal values. Clearly, we learned nothing from the dotcom mess. McMansions, multi-properties, easy credit brought us all to this point.
Our priorities are fucked up. Our human and physical infrastructures are woefully underfunded. I make a decent buck and pay a lot of taxes. Spending our tax dollars wisely should be an issue.
When a bridge collapses, it does not discriminated by party affiliation. When our kids are not prepared to compete in this global economy who pays? Everybody.
Outsourcing jobs has become the norm. What drives my company is Revenue by Employee. By outsourcing entry level jobs, the immediate result is improved margins.
Let's look at the long term implications. A person learned or business from the ground up. By performing these funky tasks one learned the business. Remember apprenticeships or internships? Well folks, these are gone. If you don't have an expertise, staff development simply does not occur.
In the dark ages of the '80s, insurance companies hired college graduates and put them through internal schools. This included, knowing what do with all of the silverware in a restaurant. It was an investment in you and their future.
What is critical, you were given an opportunity. Hell, a clerk with a high school diploma who worked smart would be given an chase to work his or her way up.
My God what if anything have we learned from recent events?
For the most part, the game was not eventful, until the last inning. Just for the theatrics of it all, Lidge our money closer, loaded the bases. Ugh.
I am watching in horror, running numerous outcomes in my head, none good. "Once again, these bastards are not going to wrap this puppy up until the last game. If they don't blow that game." Lidge should be called Ledge. Now, he gets nervous. Mix up the pitches and for God sake keep them low. You are not alone, just throw a double play pitch. You don't even have to strike 'em out. Holy hell."
It is amazing how many scenarios can run through your head in between pitches.
Then it happened, a clutch play by trashing talking J-Ro.
Unlike, Gonzalez, the author of this piece, and his buddy Wax, I was a sophomore in college, the last time the Phillies the series.
I know what that looks like and I want another....
The Fighting Phils control their destiny. All they have to do this weekend is just win.
That's what scares Philly fans. Myers the wife beater was terrible the other night on the mound. He seemed to implode right before our eyes. The cameras captured the horror on Charlie Manual's face after hit number 9 in the second inning. We watched batting practice.
Should we roll over the Nationals? Ah Yah....
But ask the boys at USC about playing a team that you should roll over.
Today, I finally got off the roller-coaster ride just to catch my breath. To say the last fifteen days working as a mid-level insurance executive has been a nightmare is an understatement.
AIG has been doing their own thang forever. For anyone working in our business to say they were surprised has been sleeping in a cave somewhere. The underlying insurance companies are fine. The AIG executives, like everyone, got neck deep in the mortgage bullshit gambled and lost.
What is so not funny about what is happening in DC is the lack of accountability and responsibility that the Einsteins who ran these companies into the ground.
Personal responsibility is the bedrock of the Reagan Republican platform. Remember how Reagan demonized the welfare queen?
Pull yourself up by your bootstraps. You spend beyond your means, its your problem. If you fail to keep a job, its your problem.
Now we have a bunch of greedy bastards on Wall Street who gambled with big dollars and lost. The fired or still employed executives are pulling down multi-million salaries and bonuses. How come they are not forgoing at least a portion of their salaries to save their companies?
The Bush-McCain team has brought us to this point in history. Deregulation means no one is watching the store. The end result is has brought us the biggest economic collapse in our history.
Have we forgotten the two wars we a waging that are costing we the taxpayer billions of dollars while Bush and Cheney's buddies are making money off of no-bid contracts?
McCain, who has not voted on a bill since April, as the economic implosion was occurring a week ago, said our economy was fundamentally sound, flew to DC to do what? A White House photo op? This is straight out of the Karl Rove playbook.
Eight years ago, the fine citizens of our nation, used "somebody I could have a beer with" as a criteria to chose a President. Four years later, Kerry was Swiftboated.
McCain's first decision as a candidate chose Sarah Palin as his running mate. My fellow citizens have been smitten Governor Palin. The polls are a dead heat. My God.
The FBI is conducting an investigation. You and I know someone was screwing around with the books at a level worse than Enron and Worldcom to get their bonuses.
As for Paulson, he and his posse created this mess and we are to give him a blank check and say "that's fine Big Daddy we trust you, again." His solution was a 2.5 page document. My annual business plan and accompanying budget is longer. Trust me my budget does not include that many zeroes.
Are you kidding me?
Is personal responsibility only for the working poor and middle class?
We don't need a Maverick who didn't bother to read Paulson's extensive bailout plan to run our country. He actually appears to be less inquisitive than Bush. What are McCain's solution to this economic crisis.
As for Palin, sigh. Putin flying over the no fly zone of Alaska equates to to foreign experience?
"Say nothing of my religion. It is known to God and myself alone. Its evidence before the world is to be sought in my life; if it has been honest and dutiful to society the religion which has been regulated it cannot be a bad one."
A friend of mine knows that I am a huge sports fan. The sports and entertainment practice of her law firm sponsored a NFL kick-off event at her firm Thursday. The featured speakers were Glen Macnow and Ray Didinger. She had no earthly idea who they were but knew I would love it.
Not surprising, the event was packed with testosterone. Out of about 200 attendees, I could count the ladies on one hand. Pat Cirroccihi, a local newscaster, my friend, the rest, associates who had to be there.
There was a buffet of local football fare: hoagies, cheesesteaks, soft pretzels, hot dogs, and beer.
I have been a huge fan of Didinger forever. He is by far the best sportswriter on the planet. When he appears on the local radio and TV shows he serves as insightful sane one with a wicked sense of humor.
My mission was to show my appreciation for his work without having him call security. One of the attendees that I was chatting with introduced me to Glen MacNow. How he is on the radio is how he is in person. Funny, warm and engaging. Being a radio personality, I had no clue what to expect looks wise. Attractive, average height, balding, with deep dimples.
I told him I was a fan of his but a bigger fan of Didinger. He roared with laughter. He thought it was cool, that I was a fan of sports writers. "How would you like to meet 'the man'?" he offered. Like a dork, I just flashed a big old smile. Again, he laughed and said "I'll take that as a yes."
Didinger was surrounded by attorneys holding court. Macnow interrupted the gathering. "Excuse gentlemen, but lady is a fan of Ray's and wants to meet him."
As Didinger emerged, with a cross expression of surprise and amusement, Didinger extended his hand and said "Really?"
Trying to maintain some level of cool, I told him my mission tonight was to fawn over him shamelessly. With a hearty laugh, he said," by all means fawn away. It's rare for a lady to enjoy my work." The three us of talked Philly sports until they " did their thing." The two of them have a show on Saturdays where they shoot the shit about sports, which was how they conducted their talk.
It was awesome. My friend was thrilled I was thrilled. "It's funny, I just assumed they were football players", she said. I sighed and shook by head. We both laughed. "
My kid brother is fan of Macnow and Didinger. Because I couldn't help myself, I had to tell him of my encounter. He was appropriately happy for me and jealous.
The MSM carried water for the Bush administration during the lead up to this fiasco in Iraq. If they had did their jobs maybe my grandbaby and his children would not be stuck paying the bills for this mess.
The McCain team is coming out of the shoots pushing back the media. A strategy clearly taken from the Rove playbook.
My only hope is there are enough citizens who will not buy this nonsense again and vote with their pocketbooks.
I have and will continue to register new voters in SE Pennsylvania. More often than not, I am registering Democrats. There is a need to open a Democratic office in the Oxford, West Grove area. I grew up in that area and you had to register Republican but quietly vote Democrat.
The change is here and maybe the MSM will catch up to it.