Fed bails out AIG, $85 billion to avoid the worst financial collapse in history..
- Thread starter HotNSexyMILF
- Start date
misshestermoffitt
New Member
Why can't AIG start selling off assets like the rest of us would be expected to do? If they own an airline, I guess it's time to sell that bitch off. I don't see it being my responsibility to bail them out. They need to downsize and save themselves.
I'm already supporting my car, motorcycle, health, home owners and flood insurance companies. I don't feel the need to support a company that I don't even use.
I'm already supporting my car, motorcycle, health, home owners and flood insurance companies. I don't feel the need to support a company that I don't even use.
hom36rown
Well-Known Member
Hmm, and the great depression is supposed to be bernanke's area of expertise.....
Bernanke is particularly interested in the economic and political causes of the Great Depression, on which he has written extensively. On Milton Friedman's ninetieth birthday, November 8, 2002, he stated: "Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve System. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."
so much for that huh
Bernanke is particularly interested in the economic and political causes of the Great Depression, on which he has written extensively. On Milton Friedman's ninetieth birthday, November 8, 2002, he stated: "Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve System. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."
so much for that huh
Dfunk
Well-Known Member
AIG has no choice but to sell assets because they have to give that 85 billion back to the government with interest of 11.4 or 11.5% within the next two years. I'm guessing WaMu, Wachovia, & Morgan Stanley are next up. Oh & has anyone heard that the treasury just started selling bonds for the fed...I read somewhere that some kind of treasury note slipped into negative territory for the first time since 1940 because the demand was so high & the dollar is not doing too well. It's almost time.
misshestermoffitt
New Member
Do you support the federal government's bail-out of AIG?
From a total of 381 votes cast:
From a total of 381 votes cast:
Yes
20%
No
61%
Don't Know
19%
20%
No
61%
Don't Know
19%
ViRedd
New Member
^^^ Actually, that has to be one of the most important posts to appear in this forum ever.
Vi
HotNSexyMILF
Well-Known Member
"yes, we did it, we won't do it again'..LMFAO.. gotta be the funniest thing I've read today..
ViRedd
New Member
And they ARE doing it again. Don't know about the rest of you, but I haven't had anyone from the government knock on my door and ask me for a donation to bail out these failed organizations. Where's the money coming from? The printing presses, that's where. Watch the price of eggs, folks. That's where the hidden tax of inflation will be showing it's ugly head.
Vi
Vi
HotNSexyMILF
Well-Known Member
I hear ya Vi.. I hear ya..
They are doing it again.. and are answering to no one.. (of course, they are not a part of the government)
"
Tuesday night's behind-closed-door briefing by Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson just before the Fed's announcement was on such short notice that Pelosi and Blunt missed it. It's not as though their input would have made a difference.
"They were not there asking us to do anything," said Senate Majority Leader Harry Reid, D-Nev. "They were there telling us what they were going to do.""
The Associated Press: Lawmakers frustrated, sobered by AIG bailout
Anyone remember that according to our Constitution only Congress has the right to create money.. time to get rid of the central bank and restore the power to Congress.
misshestermoffitt
New Member
CNN quick vote results
Quick Vote
Can the Bush administration stabilize the economy?
Yes 17% 6597
No 83% 31704
Total Votes: 38301
Quick Vote
Can the Bush administration stabilize the economy?
Yes 17% 6597
No 83% 31704
Total Votes: 38301
ViRedd
New Member
Hell no the Bush Administration can't stabilize the economy ... and neither can McCain or O'Bama. All government does is ratchet up the problem with temporary fixes. If they would just stay the hell out of the equation and let the free market do its thing, the economy will stabilize all by itself.
The problems we are seeing are the result of previous government so-called "fixes."
Vi
The problems we are seeing are the result of previous government so-called "fixes."
Vi
CannaPanda
Well-Known Member
I love the free market
medicineman
New Member
I'm pretty sure we are seeing the excesses of the free market, no regulation economy, where the rich get richer and the rest of us get fucked and stuck with the bill.
misshestermoffitt
New Member
Fucked and Stuck with the BIll. I think I might change my last name to that !
Microdizzey
Well-Known Member
CNN did a poll asking if there should be criminal investigation with this financial situation. it was like 91% voted YES. lol
