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Title: [Politics/Econ] Anybody starting to get that queasy feeling... Post by: MFAWG on October 30, 2008, 06:37:47 PM that we're just being had, and what's really going on is that the greedheads are just fattening up the taxpayers money:
http://www.forbes.com/markets/2008/10/30/aig-afffiliates-borrowing-markets-equity-cx_md_1030markets39.html Quote American International Group is borrowing from Peter to pay, um, Peter. The government-controlled insurer is replacing the expensive credit line it received when it was rescued by the federal government last month with a cheaper one, also from Uncle Sam. Four American International Group (nyse: AIG - news - people ) affiliates registered to borrow up to $20.9 billion through the Federal Reserve Bank of New York’s Commercial Paper Funding Facility according to a regulatory filing on Thursday. Tapping the U.S. government for cash has become a habit for AIG’s since it was nationalized in September. (See "Fed Rescues AIG") Title: Re: [Politics/Econ] Anybody starting to get that queasy feeling... Post by: 1puttpar on October 30, 2008, 07:06:46 PM But wait, there's more:
http://www.iht.com/articles/2008/10/27/business/bonus.php |