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Aig

  1. #1
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    getting more money after record loss again. Now we are giving 30 Billion

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  3. #2
    RvRrat
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    Quote Originally Posted by Jet-Daytona View Post
    getting more money after record loss again. Now we are giving 30 Billion
    Someone needs to explain this to me. We grill US automakers to death on one hand, but the other hands over $30B to AIG without question.

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    Colts fan & Stoker owner RitcheyRch's Avatar
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    I have been thinking the same thing.


    Quote Originally Posted by RvRrat View Post
    Someone needs to explain this to me. We grill US automakers to death on one hand, but the other hands over $30B to AIG without question.
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    Quote Originally Posted by RvRrat View Post
    Someone needs to explain this to me. We grill US automakers to death on one hand, but the other hands over $30B to AIG without question.
    Don't forget, this is their 4th bailout in just the past few months..

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    Twin squirt guns. RiverRacerX's Avatar
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    I am sure everyone knows that AIG insures the Congressional pensions. The government will NEVER let them go under. Their retirement depends on it.

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    "dude, there was a huge beaver in the cove and I saw it in my underwear!"

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    Quote Originally Posted by RiverRacerX View Post
    I am sure everyone knows that AIG insures the Congressional pensions. The government will NEVER let them go under. Their retirement depends on it.
    No doubt thats one of the reasons. Got to be more though. They lost more than $60B, so the gov't hands them another $30B. Like trying to plug a hole with water.

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    It is what it is Outdrive1's Avatar
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    Quote Originally Posted by RvRrat View Post
    No doubt thats one of the reasons. Got to be more though. They lost more than $60B, so the gov't hands them another $30B. Like trying to plug a hole with water.
    No shit, at this point, what GM needs to stay in business is chicken feed in comparison.
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    Quote Originally Posted by RvRrat View Post
    No doubt thats one of the reasons. Got to be more though. They lost more than $60B, so the gov't hands them another $30B. Like trying to plug a hole with water.
    I read that the 60B loss was just the last quarter, not the year. So this next 30B is good for 6 or 7 weeks.

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    Gotta pay back the guys that helped get Obama elected!!!! Without the banking crisis Obama would have had a harder time during his campaign. He would have had a harder time campaigning against McCain on the topic of national security and that was the focus until September. The poles always showed McCain ahead on the topic of security but McCain always lagged on the topic of the economy. By the way, wasn't it Barney Frank and Chris Dodd that were in charge of the house finance & senate banking committees?
    The banking crisis sure came at the most opportune time for Obama.

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    Punk in Drublic Tiggle - Bitties's Avatar
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    They, among other things, insure the vast majority of European Banks (CDO's) as well as 1/4 of every insured item in the U.S. from what I understand...
    Originally Posted by bocco
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    I read somewhere a while back that if we hadn't let Lehman brothers go none of this would be happening. Somehow letting Lehmans go caused a Domino affect that is costing us far more now then it would have if we had stopped them from going down.

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    Senior Member milkmoney's Avatar
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    and people say oh things will get better??? wake up........

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    Quote Originally Posted by milkmoney View Post
    and people say oh things will get better??? wake up........
    I just got off the phone with a person that thinks things will be good and back to "normal" in 3 months. Told here to check into Rehab today.

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    Senior Member milkmoney's Avatar
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    Quote Originally Posted by WATERDOG View Post
    I just got off the phone with a person that thinks things will be good and back to "normal" in 3 months. Told here to check into Rehab today.
    lol, i hear people everyday say oh by spring/summer we should be getting back to normal, i guess warm weather will be the factor in our economy...there is another big foreclosure going to happen...this is far from being over...i usually keep my comments on this stuff to myself, but i just got to the point that i cant anymore,, wow i feel better, carry on..

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