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Title: AIG - WTF??!! Post by: twoiron on September 16, 2008, 06:25:52 PM The Federal Reserve says the US Government has agreed to provide an $US85 billion ($A107.08 billion) emergency loan to rescue the huge insurer American International Group.
The Fed said today the US Treasury Department was in full support of the decision. The Fed determined that a "disorderly failure'' of AIG could undermine already fragile financial markets. The Government will receive an 79.9 per cent equity stake in AIG, the Fed said. Title: Re: AIG - WTF??!! Post by: Spanky on September 16, 2008, 06:38:45 PM So you said New Zealand huh?
Title: Re: AIG - WTF??!! Post by: MFAWG on September 16, 2008, 09:24:42 PM The Federal Reserve says the US Government has agreed to provide an $US85 billion ($A107.08 billion) emergency loan to rescue the huge insurer American International Group. The Fed said today the US Treasury Department was in full support of the decision. The Fed determined that a "disorderly failure'' of AIG could undermine already fragile financial markets. The Government will receive an 79.9 per cent equity stake in AIG, the Fed said. Welcome to fascist 'Merka: Privatize the profits and make sure CEO's make 4000 times the average wage, socialize the losses on the backs of everyone making UNDER the median wage. If anybody questions any of it, blame it on The Messicans and The Libruls! Title: Re: AIG - WTF??!! Post by: gleek on September 16, 2008, 09:28:47 PM Great. Uncle Sam now owns an insurance company to go with the two mortgage businesses. What's next?
Title: Re: AIG - WTF??!! Post by: Spanky on September 17, 2008, 05:14:10 AM The NY Times, Washington Post, WSJ. After that will be GE. Then Clear Channel. They will own the media as well as a major corporation. At that point we will be more like China.
Title: Re: AIG - WTF??!! Post by: birdymaker on September 17, 2008, 05:34:39 AM The NY Times, Washington Post, WSJ. After that will be GE. Then Clear Channel. They will own the media as well as a major corporation. At that point we will be more like China. just like china. the leaders in limousines the rest riding scooters and bicycles. :sad3: Title: Re: AIG - WTF??!! Post by: MFAWG on September 17, 2008, 07:07:27 AM The outgoing CEO will receive a 17.5 million dollar severance package for driving his company into the ground.
God Bless America! Title: Re: AIG - WTF??!! Post by: Aske on September 17, 2008, 07:17:47 AM but but but trickle down...
Title: Re: AIG - WTF??!! Post by: gleek on September 17, 2008, 07:43:52 AM Socialized property insurance = OK
Socialized mortgage loan servicing = OK Government subsidized auto manufacturing = OK Nationalized healthcare = communism Title: Re: AIG - WTF??!! Post by: Aske on September 17, 2008, 07:46:31 AM you forgot the old classics
socialized postal service, fire service, police service, national defense service, etc. [sm_devil] Title: Re: AIG - WTF??!! Post by: Blader on September 17, 2008, 12:42:36 PM Don't blame me, I voted for Carter, Mondale, Dukakis, Clinton, Clinton, Gore, and Kerry
Title: Re: AIG - WTF??!! Post by: Aske on September 17, 2008, 03:03:07 PM taxpayers pick up $85B, and simultaneously watch their 401ks drop 5% (probably close to $500B total) socialize the losses baby!
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