Comments on: Spitzer as AIG Culprit http://themoderatevoice.com/38706/spitzer-as-aig-culprit/ An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right Wed, 15 Feb 2012 07:08:41 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: DLS http://themoderatevoice.com/38706/spitzer-as-aig-culprit/comment-page-1/#comment-193648 DLS Fri, 10 Jul 2009 18:02:48 +0000 http://themoderatevoice.com/?p=38706#comment-193648 More (reality) on Spitzer<br><br><a href="http://online.wsj.com/article/SB120519411945525721.html?mod=article-outset-box" rel="nofollow">http://online.wsj.com/article/SB120519411945525...</a><br><br><br>*** NOTE ***<br><br>Team Obama didn't make Spitzer a Cabinet member or put him in another top executive post in DC.<br><br>No, Spitzer is not the nation's new "financial czar" [chuckle]. More (reality) on Spitzer

http://online.wsj.com/article/SB120519411945525…

*** NOTE ***

Team Obama didn't make Spitzer a Cabinet member or put him in another top executive post in DC.

No, Spitzer is not the nation's new “financial czar” [chuckle].

]]> By: DLS http://themoderatevoice.com/38706/spitzer-as-aig-culprit/comment-page-1/#comment-193646 DLS Fri, 10 Jul 2009 17:58:17 +0000 http://themoderatevoice.com/?p=38706#comment-193646 Spitzer is slime, attacking Greenberg and others not only because he's a poor-quality person but to exploit the base instincts of losers by appearing he was fighting the Evil Wealthy on behalf of the People. Andrew Cuomo has pathetically aped Spitzer in this way, also misusing public office, though not as effectively or as scummily.<br><br>More interestingly, though, this thread neglected (and I waited for others to remark before I did) that Vanity Fair had a long piece on Spitzer himself some time ago, which was far from flattering.<br><br>[eight pages]<br><br><a href="http://www.vanityfair.com/politics/features/2008/01/spitzer200801" rel="nofollow">http://www.vanityfair.com/politics/features/200...</a><br><br>It's actually good, in depth, nothing like the fluff you might expect given the name of the magazine.<br><br>That is why I've not made any disparaging remarks about Vanity Fair's recent article about Palin.<br><br><a href="http://www.vanityfair.com/politics/features/2009/08/sarah-palin200908" rel="nofollow">http://www.vanityfair.com/politics/features/200...</a> Spitzer is slime, attacking Greenberg and others not only because he's a poor-quality person but to exploit the base instincts of losers by appearing he was fighting the Evil Wealthy on behalf of the People. Andrew Cuomo has pathetically aped Spitzer in this way, also misusing public office, though not as effectively or as scummily.

More interestingly, though, this thread neglected (and I waited for others to remark before I did) that Vanity Fair had a long piece on Spitzer himself some time ago, which was far from flattering.

[eight pages]

http://www.vanityfair.com/politics/features/200…

It's actually good, in depth, nothing like the fluff you might expect given the name of the magazine.

That is why I've not made any disparaging remarks about Vanity Fair's recent article about Palin.

http://www.vanityfair.com/politics/features/200…

]]> By: ThurmanHart http://themoderatevoice.com/38706/spitzer-as-aig-culprit/comment-page-1/#comment-193478 ThurmanHart Thu, 09 Jul 2009 22:19:39 +0000 http://themoderatevoice.com/?p=38706#comment-193478 So...Spitzer is to blame because he went after Greenberg, with no indication that anything Spitzer did was off base. And Spitzer, of course, is to blame for Greenberg promoting Cassano, too. Hey, I bet Spitzer drove that iceberg in front of the Titanic, too! So…Spitzer is to blame because he went after Greenberg, with no indication that anything Spitzer did was off base. And Spitzer, of course, is to blame for Greenberg promoting Cassano, too. Hey, I bet Spitzer drove that iceberg in front of the Titanic, too!

]]> By: mikeca42 http://themoderatevoice.com/38706/spitzer-as-aig-culprit/comment-page-1/#comment-193472 mikeca42 Thu, 09 Jul 2009 22:02:25 +0000 http://themoderatevoice.com/?p=38706#comment-193472 I think blaming Spitzer for this is a little off target. <br><br>If you read the whole Vanity Fair article, you see that AIG actually stopped issuing CDS for subprime-mortgages at the end of 2005 because the executives at AIG had finally realized that they were just too risky. However it was too late. AIG had issued CDS on subprime-mortgage in 2004 and 2005 and when the bubble burst they were forced to payoff billions. <br><br>Many of the CDS on subprime-mortgages that brought down AIG were issued while Greenberg was still running AIG, and in fact AIG finally realized the subprime-mortgage market was too risky after no long after Greenberg was forced out. I think blaming Spitzer for this is a little off target.

If you read the whole Vanity Fair article, you see that AIG actually stopped issuing CDS for subprime-mortgages at the end of 2005 because the executives at AIG had finally realized that they were just too risky. However it was too late. AIG had issued CDS on subprime-mortgage in 2004 and 2005 and when the bubble burst they were forced to payoff billions.

Many of the CDS on subprime-mortgages that brought down AIG were issued while Greenberg was still running AIG, and in fact AIG finally realized the subprime-mortgage market was too risky after no long after Greenberg was forced out.

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