AIG Hired to Regulate AIG??????

[Capt. Jack]

Source: TownHall.com

Sometimes, the revolving door spins a little too quickly.

James Cole, Obama’s recent nominee for Deputy Attorney General, has worked as an independent consultant at AIG for the past five years – the company at the center of Department of Justice investigations as recently as two months ago. His firm was paid $20 million to assist with AIG’s legal compliances in that investigation.

If confirmed, Cole could potentially be responsible for deciding if and how future cases of fraud would be pressed against AIG. Just as alarming was the way he handled the now-closed case when he was working for AIG. According to one Republican advisor, “It's like hiring the security firm to guard your bank after it failed to detect the last major bank heist in town."

Read more: http://townhall.com/columnists/JillianBandes/2010/07/15/aig_hired_to_regulate_aig/page/full

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This is just plain bogus...what else can be said?

http://www.foreclosurehamlet.org

[xchrom]

1. And the Beat(ing) goes on.

This should rate pretty high on the Shame Hall of Fame.

[Better Today]

2. Makes one's head spin, doesn't it?

[FiveGoodMen]

3. Sure glad we won the last two elections!

[Hell Hath No Fury]

4. Please find another news source than --

the conservative Townhall.com.

On edit:

This is not from a news outlet it is an opinion piece. This has no business in LBN or on DU, frankly.

Find another source.

[Donnachaidh]

5. Citing ClownHall?

I'll wait for a more credible source. :shrug:

[FiveGoodMen]

8. Is the nominee or his connection with AIG in dispute?

Because if not, it doesn't really matter what the source has to say about it.

[Hell Hath No Fury]

10. When posting in LBN yes it matters.

LBN has very stringent rules on posting. Also, this is a RW source (not allowed) and an opinion piece (also not allowed).

[FiveGoodMen]

11. I understand about the standards

However...

Suppose Fox News claimed that the sun would rise in the east tomorrow, and someone said, "Bullshit, no it won't. That's Fox News."

Well, the sun still would rise in the east.

While it makes sense to maintain standards regarding sources, I repeat my question: "Are the declarations in the OP in dispute?"

[Frisbee]

6. Let me get this straight...

First Liz Fowler to implement, Health Care Reform and now this.

[slipslidingaway]

7. Other links ...

The U.S.'s Fly on the Wall at AIG-Monitor James Cole Has Been Privy To Inside Workings

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3803524&mesg_id=3803524

Deferred Prosecution Agreements and AIG
http://emptywheel.firedoglake.com/2009/03/27/deferred-prosecution-agreements-and-aig/

"...Now, WSJ raises AIG’s deferred prosecution agreements to suggest that Cole, AIG’s monitor, might be a good source of information on what went wrong at AIG. Cole has been submitting reports on AIG’s financial practices since 2005 (and his contract extends through November of this year) and those reports, while confidential, might tell us what went on at AIG.

But shouldn’t we be asking how it is that AIGFP managed to sideline its auditor and set up its rickety financial deals under the nose of a monitor? Shouldn’t we be asking how it is that the reforms that Cole was purportedly overseeing failed so miserably? And shouldn’t we be asking Cole whether the rot at AIG is restricted to AIGFP, or whether it still extends into AIG’s insurance business?"



James Cole nominated for No. 2 job at Justice Department

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4393071&mesg_id=4393071

http://www.washingtonpost.com/wp-dyn/content/article/2010/05/21/AR2010052103388.html?wprss=rss_politics

"The White House nominated James M. Cole as deputy attorney general Friday, turning to a veteran Washington lawyer to fill a critical position that has been vacant for months.

Cole, 58, is a white-collar defense lawyer and longtime friend of Attorney General Eric H. Holder Jr. Cole has held numerous jobs in government, including 13 years at the Justice Department. He also worked as an independent monitor reviewing the operations of American International Group, the insurance giant that was bailed out during the financial crisis. Senate Republicans said they plan to make that an issue in his confirmation hearings...

[Roland99]

9. Why would anyone be surprised? Obama named a Wellpoint exec to oversee the healthcare "reform" law.

gee...what a progressive move.