CEO Of AIG Says Sales Of Assets May Be Put Off

  I was wondering how long it would take companies such as AIG to blame lower prices on failing to sell these assets.

  News Daily

The CEO of U.S. insurer AIG , which is looking to shed assets around the globe as part of a $152 billion U.S. government rescue package, said that difficult markets may delay the sale plans, though certain units have attracted heavy interest.

  This ass-wipe was in Kong Kong when he made the comments and I wonder, are the Chinese the only people that can afford to buy this stuff up? They have their own economic crisis going but they can still buy the United States up?

At the end of his speech, Liddy answered a question regarding the speed at which AIG would repay the $152 billion.

He said the company has not been loaned that entire amount, rather the federal government has loaned it $40 billion, which could grow to $60 billion. Liddy explained that there are also two financing vehicles.

"They transfer risk and opportunity from those RMBs (residential mortgage backed securities) to the Federal Reserve. I would suspect that the Fed will do very well on those."

  Sure they will, Liddy, and I'm getting a Golden Parachute for Christmas.

Technorati Tags: AIG,Bailout,Wall Street,RMB's,Federal Reserve

Will Obama Reauthorize Bush's Torture Policies?

  I most certainly hope not.

  The Public Record

The Democratic chairman of the House Intelligence Committee said he told President-elect Barack Obama’s transition team that some of the Bush administration’s controversial interrogation policies should remain intact.

In an interview with Congress Daily, Silvestre Reyes, D-Texas, said he also recommended Obama retain the directors of the CIA and national intelligence, both of who oversaw and implemented the White House’s domestic surveillance activities.

"The leadership of both the CIA and the [Director of National Intelligence] is going to be pivotal to keeping us safe and secure,” Reyes told Congress Daily. “I made a recommendation that they stay on during the transition so that there would be a period of time that there would be overlap."

Moreover, Reyes, who earlier this year voted in favor of reauthorizing the Bush administration’s warrantless wiretapping program, said he advised Obama’s transition team that obtaining information from suspected terrorists is crucial and “some options” that extend beyond interrogation rules in the Army Field Manual need to be available.

  Mr. Reyes, Wal-Mart may be hiring for the holidays. Please do go apply, and get lost.

  If Obama does  reauthorize the Bush torture policies, I'm one vote that he will not have the next time around.

Technorati Tags: Public Record,Barack Obama,Torture Policy,Silvestre Reyes,Bush