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| National Economic Crisis; Handling the overall economic crisis | |
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| Topic Started: Nov 24 2008, 03:05 PM (1,429 Views) | |
| Steve Wilson | Mar 19 2009, 01:56 PM Post #11 |
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While AIG's CEO was testifying in Congress Wednesday, his top PR guy, Nick Ashooh was speaking to a crowd of 200 at the Columbus Metropolitan Club. "Can I stay?" he asked the group. Ashooh, AIG's senior vp of communications, is the former top PR guy for Columbus-based American Electric Power and a past president of the Metropolitan Club. With all of AIG's problems, no one could blame Ashooh for wanting to avoid the hot seat for as long as he can. He described his job as a challenge, but - according to the Columbus Dispatch, he said it is "tremendously exciting to be in the middle of the most exciting story in America." Not sure I could stand all of that excitement. At least Ashooh's remarks were probably accepted with more warmth than his boss, Edward Liddy. Liddy was being grilled before Congress with lawmakers wanting to know how they could get back the $165 million in bonuses he gave to AIG employees. |
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| Laurent Tourtois | Apr 7 2009, 02:23 PM Post #12 |
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My name is Laurent Tourtois and I'm a professional in the field of investment banking. In the discussion of the cause and implications of the current global crisis it is important to know that this global crisis was artificially created by three investment banks using money market funds. By repeating substantial money market transmissions with Asian-based money market funds several global currencies were destabilized;the motivation to create a political climate suitable to introduce the NWO and a new global currency is evident. The conclusions of the G20 summit basically proof my point |
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| Steve Wilson | Jan 27 2011, 05:33 PM Post #13 |
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A congressional panel has now determined that the national economic crisis was the fault of federal officials and Wall Street officials who ignored the warning signs and failed to act. It could have been prevented, the panel concluded. The federal panel criticized bankers who got rich by creating trillions of dollars in risky investments, according to the Associated Press. The deals grew so complex that bank executives and regulators did not understand them, the report found, and banks discouraged aggressive oversight of their activities, saying the government's interference would stifle financial innovation. The AP said the commission's findings were tainted by partisan politics. Six Democrats on the panel supported the conclusions; the four Republicans dissented. The inquiry commission was created by Congress in 2009 to delve into the causes of the financial crisis. For more: http://news.yahoo.com/s/ap/20110127/ap_on_bi_ge/us_financial_crisis_inquiry |
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11:13 PM Feb 4