Due to the corporation American International Group even THINKING about suing the U.S. Government after getting bailed out by every taxpayer in the country the government has responded by demanding that the company drop the “American” part of their name.
Ex AIG CEO Maurice Greenberg wanted to join in a joint lawsuit against the government stating that the details of the bailout deprived shareholders and Mr. Greenberg himself of dividends. Greenberg pushed for AIG to join in to, which they contemplated doing.
Let’s take a pause to let that sink in for a moment……………
In other words, they are saying that the government, who saved their butts from the same economic mess that they helped to cause and were themselves swamped by, are suing the government saying that they did not get as much money as they deserve FROM THE BAILOUT. And that same company helped cause millions of Americans to lose money, jobs, wages and federal tax money by helping bail AIG out.
Hmmm….
Boiling this down- they are pissed because they did not make enough money from us helping them.
?????????????
People like this used to be shot as traitors. Ingratitude now has a new definition and its name is AIG (and Greenberg).
It isn’t bad enough that a company said to be “too big to fail” capsizes because of its own finagling but they get to rob the taxpayers treasury as well. Now, that not being cheeky enough, they have the gall to say we owe them more and the government is bad because they didn’t let them make as much money from the bailout as they wanted.
Machiavelli could have gotten inspiration from this. Bernie Madoff could never have imagined it.
Many analysts say that with all the negativity associated with the name AIG that they would be better off changing the meaning of the initials altogether, just like the notorious and murderous Blackwater Security did when they changed their name to Xe in hopes of losing their horrid reputation.
The following are some recommended suggestions for accurate titles to replace the original AIG names without losing their trademarked initials:
• Asylum for Immoral Greedheads
• Absolute Inhuman Goofs
• Assaulting Incomes Globally
• Avoiding Intelligent Guesses
• Astonishing Incompetent Geeks
• Accumulating Illicit Goods
• Aborting the Intelligence Gene
• Anally Idiotic Guys
• Abbreviating Incomes Generally
• Abandoning the Intellect Greatly
• Awfully Impudent Guys
• Astoundingly Inept Gambling
• Allowing Illegal Graft
• Arrogant Impudent Gangsters
• Amazingly Indifferent Gentlemen
• Atrociously Insulting Guys
• Asswipes, Ingrates and Greedheads
Of course, the best and most accurately descriptive substitution for “American” in the name for these guys would be “A**hole”.
I’m still waiting for the criminal proceedings… oh wait, they aren’t coming? Well then this is my surprised face. 😐
Until we start treating the criminals who nearly devastated the world economy with justice, then the rest of the system looks like nothing more than a joke.
My God! They’ve changed their name a third time. How cheap!
On an only slightly related note, Xe is now known as Academi, the evidence for that can be found here and here. I just hope that the new name doesn’t mean what it sounds like!
AIG is a fine case-study in what's wrong with capitalism unbridled.