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Forums - General - Fed bails out AIG - $85 billion

Supernova82 on 17 September 2008

Why only 80% stake? The government should of demanded 100% ownership of AIG. It is the US government after all they can get away with anything.



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HappySqurriel on 17 September 2008

Bear Sterns, Fannie May, Freddy Mac, Lehman Bros, and now AIG ... Where is this all going to end?

Ford, Dodge and GM are all struggling, are they soon going to be owned by the US government?

Is China and Saudi Arabia going to continue propping up the American dollar so they can bail out large corporations, or are we going to see a rapid and painful collapse of the American dollar?



bardicverse on 17 September 2008
akuma587 said:
Even I am kind of tired of the government intervening...let them fail.

Yeah that's an awesome idea! Financial collapse was so cool back in the 1930s, we should do it again. What would happen to all those public projects and medicare and welfare? Oh, that's right, they'd cease to exist and probably wipe out the entire current poor class and 40% of the middle class. I guess that's ONE way of getting rid of all the Obama supporters

 

Seriously man, think about the reprecussions of letting these big investors totally collapse. We already just had like 10,000 people lose their jobs. Good thing we're rebuilding and investing in Iraq. We might have to move there soon

 



akuma587 on 17 September 2008
bardicverse said:
akuma587 said:
Even I am kind of tired of the government intervening...let them fail.

Yeah that's an awesome idea! Financial collapse was so cool back in the 1930s, we should do it again. What would happen to all those public projects and medicare and welfare? Oh, that's right, they'd cease to exist and probably wipe out the entire current poor class and 40% of the middle class. I guess that's ONE way of getting rid of all the Obama supporters

 

Seriously man, think about the reprecussions of letting these big investors totally collapse. We already just had like 10,000 people lose their jobs. Good thing we're rebuilding and investing in Iraq. We might have to move there soon

 

I'm as liberal as anybody, but bailouts have to stop at some point.  I mean AIG might not be the right firm to let fall through, but failures have to happen in a market eventually.

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson

megaman79 on 17 September 2008

Insurance is integral to the security of these companies. Without AIG i dk whats going to happen.

Since the announcement the stock recovered by nothing, surfing round 2$ right now



“When we make some new announcement and if there is no positive initial reaction from the market, I try to think of it as a good sign because that can be interpreted as people reacting to something groundbreaking. ...if the employees were always minding themselves to do whatever the market is requiring at any moment, and if they were always focusing on something we can sell right now for the short term, it would be very limiting. We are trying to think outside the box.” - Satoru Iwata - This is why corporate multinationals will never truly understand, or risk doing, what Nintendo does.

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bardicverse on 17 September 2008
akuma587 said:
bardicverse said:
akuma587 said:
Even I am kind of tired of the government intervening...let them fail.

Yeah that's an awesome idea! Financial collapse was so cool back in the 1930s, we should do it again. What would happen to all those public projects and medicare and welfare? Oh, that's right, they'd cease to exist and probably wipe out the entire current poor class and 40% of the middle class. I guess that's ONE way of getting rid of all the Obama supporters

 

Seriously man, think about the reprecussions of letting these big investors totally collapse. We already just had like 10,000 people lose their jobs. Good thing we're rebuilding and investing in Iraq. We might have to move there soon

 

I'm as liberal as anybody, but bailouts have to stop at some point. I mean AIG might not be the right firm to let fall through, but failures have to happen in a market eventually.

 

True. The sad part is, this al sarted from thievery, and no Im not referring to Bush, not this time anyhow. A lot of these companies specialize in lending/mortgages. The sneaky tactics used with variable rates pretty much forced many people out of their homes, creating a foreclosure epidemic. Houses for sale flooded the market and the banks were stuck sucking up loans and mortgages they were never going to see the money back from again.

The positive side to this is that whoever has enough money to buy a house in cash will be able to get a nice score soon.

 

 

 

 



theprof00 on 17 September 2008

In all due respect the gov should just take over the entire thing and start running it by themselves.