Fed decides to Bail out AIG

[Hangtime]

85 Billion to AIG.

Stupid, idiotic morons...

I can't fathom just what in hell it is they plan to fund this with short of turning on the presses down in the treasury dept's basement.

Bonehaids.

[DYNAMITE]

I have to agree with you HT
This "too big to fail" thinking is bs

[GtoRA2]

They should be jailing CEOs and letting these corps burn...

[Sundowner]

85 Billion to AIG.

Stupid, idiotic morons...

I can't fathom just what in hell it is they plan to fund this with short of turning on the presses down in the treasury dept's basement.

Bonehaids.

So will this go on the 4th or 5th set of books the government carries?

Regards,
Sun

[Shamus]

I watched Hank Greenberg's interview on CNBC this morning, he sure has changed his point of view on government meddling in the private sector.

shamus 

[tapakeg]

I have sales quotas to make each month, If I don't make them, will the govt. help me out?

[bj229r]

As I understand it, they're only loans? AIG actually HAS enough resources, they just have to be 'liquefied'

[alskahawk]

85 Billion to AIG.

Stupid, idiotic morons...

I can't fathom just what in hell it is they plan to fund this with short of turning on the presses down in the treasury dept's basement.

Bonehaids.

And to add to the stupidy. If the fed had bailed them out Friday, it would have cost around 20 billion. Their credit rating was down graded over weekend hence 85 billion. Nice!

[Elfie]

They should be jailing CEOs and letting these corps burn...

Why is it that these CEO's never end up being held responsible for their actions?

[alskahawk]

So how many bailouts can you remember in last 8 years.

 Airlines(how many?),  AIG, Bear Stearns, Fannie Mae, Freddie Mac.. bunch of others I can't remember.

[Shamus]

As I understand it, they're only loans? AIG actually HAS enough resources, they just have to be 'liquefied'

And the private sector passed on making loans to AIG because of?

If those "resources" could carry it they would be lining up at the door.

shamus

[GtoRA2]

Why is it that these CEO's never end up being held responsible for their actions?

What's worse is it seems as long as they don't screw the pooch big time(IE do more then bankrupt the company,like go to jail) some other corp will hire them.

[Shamus]

So how many bailouts can you remember in last 8 years.

 Airlines(how many?),  AIG, Bear Stearns, Fannie Mae, Freddie Mac.. bunch of others I can't remember.

Im not too sure about the airlines, but the last 4 have been in the last six months.

shamus

[Hangtime]

I applaud the brilliant Corporate strategy in figuring out how to profitably finalize the complete absorption of the federal government of the United States of America.

Didn't Trump say it... 'Borrow a million, the bank owns you. Borrow a billion, you own the bank'.

Ain't no coming back from this one.

[Shamus]

Oh I dont know...when all the folks running around with a few hundred grand in a 401 realize that they really are not part of the rich class things may change.

The discussion we had in here a few month ago about the capitol gains tax rate was eye opening, folks defending the fact that hedge fund managers were paying 15% of income in tax on millions of earnings?

The standard of living has not lowered enough for the middle class yet in this country.

shamus