The Next AIG Scandal?

Your already know the story of AIG. I am not an employee and I did not receive a large bonus. I am one of the investors that has been ripped off by one employee that is selling AIG Annuities. This man has ruined our lives. we invested one hundred and fifty thousand dollars In 1994. We were sold a bunch of lies. Here we are fifteen years later still fighting to get our own money. I am contacting all the news sites that have all the information about AIG on their sites. I need help. I am unable to take my own money out of the annuity without paying AIG almost four thousand dollars. In 1994 I had the misfortune of metting the agent for AIG. He was located inside the Washington Mutual Bank. You would think that the bank is a safe place to invest your money. The bank made this man award of the money we had to invest,. Make no mistakes the bank could care less. I am very sure they get their money from AIG.

Our understanding was we receive almost five percent fixed interest for the lifetime of the annuity and that the annuiy had no restrictions about taking funds out if needed at anytime. All lies!!!!!!!! Here we are fifteen years later and years of fighting and suffering and, now we are going to lose our home of twenty-nine years. We are still not able to retrieve our own funds. We cannot believe that one man can have the power over people lives but if you are a employee of AIG you are almost a God, This man has destroyed our lives. I am looking for a Lawyer to help me with this situation. In order to get my money out of this annuity and not have to pay AIG almose four thousand dollars.

The agent was well award that my husband was disable and I am very ill with FIbromyalgia and we both were unalble to work. So we had no income and we were depending on the fixed interest rate money of almost five hundred dollars a month that was going into our checking account every month. So when I finally relized that the agent was a con-man and he lied about every atatement he made. I have been fighting with this criminal for all this years and now I know that the policy renews every twelve months not the four years he had told us to wait.

Now we are out of money and I unable to remove my funds from AIG without paying almost four thousand dollars. I cannot believe they have used my money to make more money for AIG and I am paying for it. Another thing I cannot believe is the government is giving them more money. The government is checking into AIG and that is why I have to get my story out there. I also would like to know of other investors are in my situation. I live in the los Angeles County area and we are desperate to get help to sue Washington Mutual and AIG and lets not forget the con-man agent that should be in jail. I have been through hell and back. Please contact me at (909) 860-4942 during the weekdays.

People we own AIG! Why are we trying to destroy it? It should be unamerican to bash the good people at AIG who are now working there knowing how bad they are perceived and yet staying loyal to the company. Keeping good employees who see some future in their current roles is the only way we will see any of that money that Congress decided to give to Goldman and France. Remember the people who caused the crisis left! And most of AIG is made up of good, solid insurance units that up until now were making money. But this grandstanding is now hurting that part of the business that had nothing to do with Financial Products whatsoever and which hold the key to taxpayers recouping what the Fed gave to the counterparties! I can't beieve that OBAMA not once mentioned that the 100 thousand employees of AIG in the insurance units that have nothing to with FP, he chose instead to lump the entire conglomorate into one entity!! What a joke!

People we own AIG! Why are we trying to destroy it? It should be unamerican to bash the good people at AIG who are now working there knowing how bad they are perceived and yet staying loyal to the company. Keeping good employees who see some future in their current roles is the only way we will see any of that money that Congress decided to give to Goldman and France. Remember the people who caused the crisis left! And most of AIG is made up of good, solid insurance units that up until now were making money. But this grandstanding is now hurting that part of the business that had nothing to do with Financial Products whatsoever and which hold the key to taxpayers recouping what the Fed gave to the counterparties! I can't beieve that OBAMA not once mentioned that the 100 thousand employees of AIG in the insurance units that have nothing to with FP, he chose instead to lump the entire conglomorate into one entity!! What a joke!

So what does that have to do with the execs getting $165 mil in bonuses. I think I rather see the USA start over and maybe shouldn't have bailed them out. How about them applies? And be like the rest of the workers in this world.
Maybe then execs will fall back in line with other workers and other execs around the world.
First off there is FDIC insurance, so that cannot occur you bank savings is government insured. Secondly the government money would have been better spent on FDIC insurance than on these execs and many others that are not listed herein such as Fannie Mae and Freddy Mac.

This bailout was for liberal execs and paybacks for the election. Just hope a few cents gets trickled down.

I hope lots of folks saw the entire press conference. I consider it a home run. I do not remember ever having seen a President be so direct and cogent in reponse to questions. This guy gets it.

This is the most mis-leading, un-accurate article I have ever read. Shame on you Newsweek! Are you just trying to slander AIG at sell magizines?

This is the most mis-leading poorest journalism I have ever read. Shame on you!!!

And this close:

Fed chairman Bernanke told lawmakers in early March that AIG ???exploited a huge gap in the regulatory system??? and was essentially a hedge fund attached to a ???large and stable insurance company.??? But is that really an accurate description? Huge regulatory gaps also exist in insurance. ???There is no federal insurance regulator,??? according to a senior government banking official, only individual state agencies. Are we missing something really big here? If so, there might be another terrible reckoning to come.

I mean, really. This is just poor journalism. You can???t just go around (especially in the middle of a financial panic) yelling that the theater is going to fall down in the middle of a show because one dude says so???even though the building inspectors (and most everybody else) say otherwise.

There???s no evidence Hirsh has performed his own look at AIG???s books here. He appears just to take the former Mississippi insurance examiner???s word that it???s a ???house of cards.??? No, the weasel words ???might??? and ???at least if??? and ???I suspect??? do not cut it.

This is a heavy allegation to level at a company at any time, much less when it???s teetering. You just can???t do it with one source. Maybe Gobel is right, but it doesn???t pass the sniff test, and it sure doesn???t pass the bulletproofing test.

What???s going on up there at Newsweek?

This article is completely outrageous.

After Madoff and Stanford, who else? There must have been thousands of white collar crooks (of varying degrees) in the financial institutions worldwide, manipulating their way to richness, yet remain dormant and out-of-reach of the law.

Why is this so? Is it because evidences against the criminals are so well covered that no investigator could have any access to? Or is it because law-makers and law-enforcers themselves are of dubious backgrounds with their own hidden agenda?

What has become to this maddening world? Despite the economic mayhem, the rich turn out to be richer, leaving the poor and the unfortunate perpetually damned and burdened with endless sufferings.
(Tan Boon Tee)

The real question is why these bonus's extent to so many people, and of course just why someone who is incompetent would be entitled to a bonus contract or no contract.
It appears AIG does not share the view these people are incompetent. Failure to perform would quickly end any contractual obligation for bonus payment.
In that light from AIG's perspective these people preformed their task satisfactorily and AIG has the stated intention of keeping this "talent" in their ranks as irreplaceable.
The problem is not the people who got bonus's, it's much much bigger than that, and the bonuses may be to buy the silence of those close enough to know the truth as anything else.

I am not doing"the work." Others are doing that.

If I was wrong, I do owe you an apology, but there is enough strange stuff here to go around.

Those with nothing to be ashamed of, have nothing to worry about.

Posted by Dredd: @3/20/2009 2:19:13 PM
AIG Iraq? I cannot believe they got involved in Iraq...scandalous Iraq reconstruction...but evidently they did big time:

http://blogdredd.blogspot.com/2009/03/aig-iraq.html

Thanks for posting this Dredd, and I hope you don't mind me reposting.