Money Beat

My I suggest that AIG rename itself to (TAX CHEAT) "Geithner's Folly".

Rename is not going to help as long as they do not change all things that got them here. In United States Of Ponzi "name " matters less than they think. With underbelly exposed ALL "profitus Maximus Uber Alles" fundamentals will need to change . Learn to live with less proft. Do not encorage gambeling . Yes slow GDP growth with fiscal security Is better than cycles of boom and bust.

No one in their right mind will invest a dime into United States Of Ponzi , till its all scrubbed clean and stays transprent. The fools think of " name change" will do it . This is the level of their mental abilities we need to give them another merit "Bonus" LOL

Yep, one of the first things you do when you go Bankrupt...Now how many hundreds of millions will the name change cost the taxpayers!

There are over 500 Trillion $ (yes Trillion $ with a T) of BS backed derivatives out there , to make them "good" planets entire GDP is not enough let alone Americas. AIG insuring hedge funds etc...
Who care if AIG insured BS backed derivatives swaps and has a contract, so tax payers must make good on these contracts . I am sick of these talking heads talking as if contract is a word of god. It is not . Bankrupcy court breaks contracts all the time . Who on earth will buy insurance from AIG anyway that they cannot be put into bankrupcy? I say burn such CONTRACTS to the ground or they will burn us to the ground.

In case you don't know it their liaiblity insurance division (or at least one of them) is now known as Twenty-First Century Insurance.

A ruse by any other name ...

And who's going to buy the new stationary and signs ? the american tax payer, who now supports the world thank's to AIG.

Ex Republican

I worked for Allstate when Ed Liddy was the CEO. Amazing, when he took over, the bonuses for the agents (no I was not an agent) disappeared, rates went up, business became hard to write because of all of the "new" marketing strategies. The expensive "business" trips for agents remained...Greece, Scotland, Mexico, etc. All the staff could hear is how the company wasn't making enough money, how we had to ask for increases, etc, but there weren't any cutbacks for the high upper management personnel. Strangley, Allstate started getting rid of the older, more established agents with large books of business, instead favoring internet business cutting out the local agent and any commissions to be paid to him. Doesn't suprised me at all the AIG is full of thieves...they have such a role model at the helm.

scumbags actually think a little PR spin will help us forget.

AIG stands for Ain't I Greedy? How about changing the name to P-I-G-- save the trouble by letting the acronym speak for itself.

we owe 80% of aig and all the media and congress can do is criticize and bring down our investment. where was the media and congress. jake talks a good game but where was he the past 8 years? he went to school on the main line pa so he does not know what an average american feels. jake you are a loser!

A rose by any other name...will still have thorns. Call the company anything you want, we'll still be getting our fingers pricked...by the pricks!

Is this another "lipstick on a pig fiascos".
we've been there, and done that!

Is SCUM of the FRICKING EARTH taken? Or LOSERS, CHEATS and ROBBERS? Or a million other swear words that all mean the same thing - RAT's behinds. I don't blame people that lost everything for wanting them all put in federal prison for eternity. Or like Chuck Grassley wanting them to return the money or commit suicide. First thing he ever said that I agree with !

Congress must decide whether it wants AIG to live, prosper, and ultimately repay the billions of dollars that we taxpayers have injected into it,

OR

whether it wants AIG to file bankruptcy, and/or otherwise cease to exist, and right-off our 80% equity stake.

Watching member of Congress try to out-perform each other in showing their disgust has all but assured that the latter will happen.

I think the public is more upset with Congress than they are with a couple of soon-to-be unemployed AIG managers. For the past 2 days, Congress has been indistinguishable from circus clowns starting and then trying to put out a fire. Liddy, making a buck a year, deserved better than being beaten to death by these bozos.

Have any members of Congress announced that they would refund their AIG campaign contributions? Are any of these Honorable Men going to give up their bonuses?? Please make your check payable directly to the United States Treasury. I wonder just how much in total campaign contributions Congress has received over the past 2 years from all companies receiving TARP or other bailout funds. All such contributions should be returned OVER SUFFER A TAX PENALTY OF 100%%%.

Hey, I know: someone creates a registry of 'disgraced firm names', and when one company blows up, they just pick another from the registry and put their old one in the pool. Citi becomes Enron (motto: Power Trading? Nope, just powerful deals on CDs!), AIG becomes Phillip Morris (motto: "I'd Walk a Mile for a Bailout"), and Imclone becomes Michael Jackson (motto: Who's Bad? not us!)

How about "The Notorious A.I.G."???

It does not matter what the name change is we will still know it as AIG. I will not blame Mr. Liddy for doing his job that the U.S government hired him to do. However the people at AIGFP I hold completely responsible for this financial debacle. Senator's Dodd, and Frank need to be in jail. The people at the SEC who are suppose to oversee this industry needs to be in the cell next to Dodd and Frank.

Morons by any other name are still the same.

What's wrong with A(ll) I(s) G(one)?

Need a new name: how about new leadership? By the way, has LIddy been charged with extortion among other thngs yet? Or are they going to do the usual, have him resign with a 10 million dollar bonus??? What a bunch of crap they're handing out to us America!!! They know how gullible we are!!!

You ask who is to be blamed for the bonus fiasco with AIG et al.... it's not Obama...he hasn't delivered on any pre-election promise yet...it's not Geitner...he doesn't have the mentality to be held responsible for any of his decisions...(another great pick by Obama)...and it can't be Congress...they don't know how to do anything anyway!!! Blame the Republicans!!!

The whole stock market was a Ponzi right from the time that 401k's were sold, to the regular working class, as their retirement plan. With all of the hoopla about how the taxpayers own the company, so now, we should finally be able to regulate the outrageous salaries and party like spending. Who owned it before? The taxpayers who had their 401k's invested. I have been saying for years that there should be regulation on the salaries that get paid, to executives of publicly traded companies. I actually had a number of people tell me it didn't come out of profits. Is there a good fairy I don't know about?

I have AIG car insurance. Today, I was informed, that as of April 1, 2009, there will be a $3.00 fee for using their automated pay by phone system. In addition, a $5.00 fee will also be in place April 1, 2009, if you pay your policy premium quarterly, that they have not charged in the past. AIG now calls themselves 21st Century Insurance.
How chicken! Is this to devert funds from AIG, and send the money to affiliate funds under the gize of another name???? Oh, soooo crooked!!!!
I intend to switch my car insurance to another company as soon as I can. This is an attempt to collect MORE money from established customers like me, in an attempt to save their ass!