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AIG - WTF??!!

 
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twoiron
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AIG - WTF??!!
« 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.

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"Nothing says sorry like a warm plate of bacon... or so I'm told"
Spanky
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Re: AIG - WTF??!!
« Reply #1 on: September 16, 2008, 06:38:45 PM »

So you said New Zealand huh?
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MFAWG
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Re: AIG - WTF??!!
« Reply #2 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!

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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
gleek
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E chu ta!

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Re: AIG - WTF??!!
« Reply #3 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?
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Spanky
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Re: AIG - WTF??!!
« Reply #4 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.
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birdymaker
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Re: AIG - WTF??!!
« Reply #5 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.  Sad
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
MFAWG
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Re: AIG - WTF??!!
« Reply #6 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!
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
Aske
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Re: AIG - WTF??!!
« Reply #7 on: September 17, 2008, 07:17:47 AM »

but but but trickle down...
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
gleek
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E chu ta!

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Re: AIG - WTF??!!
« Reply #8 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
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
Aske
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Re: AIG - WTF??!!
« Reply #9 on: September 17, 2008, 07:46:31 AM »

you forgot the old classics

socialized postal service, fire service, police service, national defense service, etc.
 Devil
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Blader
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vagazzling vajayjays since 1876!!

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Re: AIG - WTF??!!
« Reply #10 on: September 17, 2008, 12:42:36 PM »

Don't blame me, I voted for Carter, Mondale, Dukakis, Clinton, Clinton, Gore, and Kerry
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Aske
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Re: AIG - WTF??!!
« Reply #11 on: September 17, 2008, 03:03:07 PM »

taxpayers pick up $85B, and simultaneously watch their 401ks  drop 5% (probably close to $500B total) socialize the losses baby!
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
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