CNBC: Fed Likely to Bail Out AIG for $85-$90 Billion Dollars

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  • pocketkangaroo
    Confirmed User
    • Jan 2005
    • 8452
    #1

    CNBC: Fed Likely to Bail Out AIG for $85-$90 Billion Dollars

    CNBC is reporting that the AIG bailout is likely. Reporting to be around $85-$90 billion dollars and that the government would play a somewhat conservatorship role. So now we will run the mortgage industry and the insurance industry. Seems a lot like China.

    Glad to see our tax dollars going to help those in need.
    Tags: None
    • jay23
      Confirmed User
      • Jun 2003
      • 1444
      #2
      So a 85B loan gets you 80% of a company thats worth 10B (Thats was the market cap today). Hope AIG sells is assets and pays back the goverment.

      And same is going to happen for the Auto guys who are asking for a 50B loan.

      May be the porn guys should ask for a loan too...we are getting killed by Tube sites
      Last edited by jay23; 09-16-2008, 03:39 PM.

        Comment

        • Fletch XXX
          GFY HALL OF FAME DAMMIT!!!
          • Jan 2002
          • 60840
          #3
          imagine if we put that money towards educating our people instead of bailing out failed corporations.

          Want an Android App for your tube, membership, or free site?

          Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

            Comment

            • Vendot
              Confirmed User
              • May 2002
              • 3376
              #4
              There goes the dollar.......
              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                Comment

                • directfiesta
                  Too lazy to set a custom title
                  • Oct 2002
                  • 30191
                  #5
                  Originally posted by pocketkangaroo
                  CNBC is reporting that the AIG bailout is likely. Reporting to be around $85-$90 billion dollars and that the government would play a somewhat conservatorship role. So now we will run the mortgage industry and the insurance industry. Seems a lot like China.

                  Glad to see our tax dollars going to help those in need.


                  figure it out guys ....
                  I know that Asspimple is stoopid ... As he says, it is a FACT !

                  But I can't figure out how he can breathe or type , at the same time ....

                    Comment

                    • xmas13
                      Confirmed User
                      • Dec 2004
                      • 5176
                      #6
                      http://news.yahoo.com/s/nm/aig_loan_dc

                      The Federal Reserve will provide a roughly $85 billion bridge loan to AIG (AIG.N) and take a nearly 80 percent stake in the company, according to a source briefed on the matter.

                      = Quasi-nationalization, although the Fed is more or less private (depends who you ask).
                      ICQ 557504926

                        Comment

                        • IllTestYourGirls
                          Ah My Balls
                          • Feb 2007
                          • 14311
                          #7
                          The government is doing shit. The government has little to no say what the FED does. The FED will do what ever the fuck the FED wants. Then they will hand over the bill to congress and say "pay it bitch".

                            Comment

                            • xmas13
                              Confirmed User
                              • Dec 2004
                              • 5176
                              #8
                              Ben Bernanke was nominated by George W. Bush and sworn into office on February 1, 2006 for a term lasting until 2010.
                              ICQ 557504926

                                Comment

                                • Vendot
                                  Confirmed User
                                  • May 2002
                                  • 3376
                                  #9
                                  The US economy is one pile of damp, soft (but maleable) piece of shit.

                                  Its like the shit which you can shape like plasticine (if thats how you spell it).
                                  "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                    Comment

                                    • Fletch XXX
                                      GFY HALL OF FAME DAMMIT!!!
                                      • Jan 2002
                                      • 60840
                                      #10
                                      Originally posted by xmas13
                                      Ben Bernanke was nominated by George W. Bush and sworn into office on February 1, 2006 for a term lasting until 2010.
                                      dont forget who gave us Greenspan too,...

                                      Ronald Reagan.

                                      http://en.wikipedia.org/wiki/Alan_Greenspan

                                      http://articles.moneycentral.msn.com...BubbleToo.aspx

                                      Want an Android App for your tube, membership, or free site?

                                      Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

                                        Comment

                                        • L-Pink
                                          working on my tan
                                          • Mar 2005
                                          • 39151
                                          #11
                                          Guys, who owns the fed reserve?

                                            Comment

                                            • Manny_Kaye
                                              Registered User
                                              • May 2008
                                              • 96
                                              #12
                                              And the amazing part is every bank that is in trouble their CEO just received millions in bonus checks last quarter WOW isnt that is amazing.





                                              ICQ 318-45-1155

                                                Comment

                                                • pocketkangaroo
                                                  Confirmed User
                                                  • Jan 2005
                                                  • 8452
                                                  #13
                                                  Have to wonder if we'll ever see a revolt. I mean people are having rough times and we bailout gazillionaires.

                                                    Comment

                                                    • Darkland
                                                      Confirmed User
                                                      • May 2002
                                                      • 1488
                                                      #14
                                                      Originally posted by xmas13
                                                      the Fed is more or less private (depends who you ask).
                                                      You are all to right. It is a mistake to even THINK that the Fed is a part of our government. The sad thing is, most people think that it IS when in fact our very government is so in debt to them that the Fed actually owns it AND us.


                                                      "The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

                                                        Comment

                                                        • pocketkangaroo
                                                          Confirmed User
                                                          • Jan 2005
                                                          • 8452
                                                          #15
                                                          Originally posted by Darkland
                                                          You are all to right. It is a mistake to even THINK that the Fed is a part of our government. The sad thing is, most people think that it IS when in fact our very government is so in debt to them that the Fed actually owns it AND us.
                                                          Please explain how the Fed isn't part of our government. The people that make the decisions there are appointed by the President of the United States. There are private components to it, but they are powerless and answer to no one.

                                                            Comment

                                                            • tony299
                                                              lurker
                                                              • Aug 2002
                                                              • 57021
                                                              #16
                                                              i want a bail out

                                                                Comment

                                                                • Kudles
                                                                  Confirmed User
                                                                  • Feb 2003
                                                                  • 5477
                                                                  #17
                                                                  Thats a lot of money
                                                                  Free to Play MMOs and MMORPGs

                                                                    Comment

                                                                    • Darkland
                                                                      Confirmed User
                                                                      • May 2002
                                                                      • 1488
                                                                      #18
                                                                      Originally posted by pocketkangaroo
                                                                      Please explain how the Fed isn't part of our government. The people that make the decisions there are appointed by the President of the United States. There are private components to it, but they are powerless and answer to no one.
                                                                      Do you even know the history of how it was created and by who? Or the events leading up to it that even made it possible or the manner in which it was passed through legislation?

                                                                      After the financial panic and collapse in the early 1900's it was found that a NEW Central Banking needed implementing. A central banking bill known as The Federal Reserve Act was then created by a group of BANKERS not LAWMAKERS and swiftly passed through legislation with the aid of President Wilson because of the campaign support provided by these same bankers. It was passed during a holiday so it would face little opposition.

                                                                      They are a private entity REGULATED by the Government. But with their fingers on the financial button of the nation, who really has the control?


                                                                      "The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

                                                                        Comment

                                                                        • pocketkangaroo
                                                                          Confirmed User
                                                                          • Jan 2005
                                                                          • 8452
                                                                          #19
                                                                          Originally posted by Darkland
                                                                          Do you even know the history of how it was created and by who? Or the events leading up to it that even made it possible or the manner in which it was passed through legislation?

                                                                          After the financial panic and collapse in the early 1900's it was found that a NEW Central Banking needed implementing. A central banking bill known as The Federal Reserve Act was then created by a group of BANKERS not LAWMAKERS and swiftly passed through legislation with the aid of President Wilson because of the campaign support provided by these same bankers. It was passed during a holiday so it would face little opposition.

                                                                          They are a private entity REGULATED by the Government. But with their fingers on the financial button of the nation, who really has the control?
                                                                          They aren't regulated by the government, they are controlled by the government. The private entities of the Fed simply execute the policies determined by the Board of Governors. The Board is appointed by the President and can be removed by him at any time. The private parts of the Fed have no power and make no money off the government.

                                                                            Comment

                                                                            • Darkland
                                                                              Confirmed User
                                                                              • May 2002
                                                                              • 1488
                                                                              #20
                                                                              Originally posted by pocketkangaroo
                                                                              They aren't regulated by the government, they are controlled by the government. The private entities of the Fed simply execute the policies determined by the Board of Governors. The Board is appointed by the President and can be removed by him at any time. The private parts of the Fed have no power and make no money off the government.
                                                                              Not Regulated is what I meant to say, was typing in a rush.

                                                                              Really?

                                                                              Then why does the Federal government not list them as a government agency, nor does it respond on a daily basis to Congress, nor is it subject to congressional action?


                                                                              "The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

                                                                                Comment

                                                                                • marketsmart
                                                                                  HOMICIDAL TROLL KILLER
                                                                                  • Dec 2004
                                                                                  • 20419
                                                                                  #21
                                                                                  Originally posted by pocketkangaroo
                                                                                  They aren't regulated by the government, they are controlled by the government. The private entities of the Fed simply execute the policies determined by the Board of Governors. The Board is appointed by the President and can be removed by him at any time. The private parts of the Fed have no power and make no money off the government.
                                                                                  "i want to believe" but thats just not true.. of course the govt would like you to think that, but go do some reading..

                                                                                  I know JP Morgan was one of the people that was involved in its formation.

                                                                                  I read a quote somewhere that when Wilson got back to washington after the meeteing at jeckyl island, he told his wife that he had just signed away the united states...

                                                                                  i think he said that he regretted that for the rest of his life...
                                                                                  Last edited by marketsmart; 09-16-2008, 08:45 PM.

                                                                                    Comment

                                                                                    • mynameisjim
                                                                                      Confirmed User
                                                                                      • Aug 2007
                                                                                      • 2985
                                                                                      #22
                                                                                      Where is the accountability then. All these CEOs just go on living like kings while the taxpayers bail them out.

                                                                                      There should be a regulation that if the government bails out your company, the entire board needs to give up their earnings for the previous 3 years. Salaries, bonuses, stocks, everything.
                                                                                      jim (at) amateursconvert . com Amateurs Convert

                                                                                        Comment

                                                                                        • Darkland
                                                                                          Confirmed User
                                                                                          • May 2002
                                                                                          • 1488
                                                                                          #23
                                                                                          Originally posted by marketsmart
                                                                                          "i want to believe" but thats just not true.. of course the govt would like you to think that, but go do some reading..

                                                                                          I know JP Morgan was one of the people that was involved in its formation.

                                                                                          I read a quote somewhere that when Wilson got back to washington after the meeteing at jeckyl island, he told his wife that he had just signed away the united states...

                                                                                          i think he said that he regretted that for the rest of his life...


                                                                                          The truth is out there and it can never be told, only sought. Without it we are all lambs to the slaughter.


                                                                                          "The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

                                                                                            Comment

                                                                                            • pocketkangaroo
                                                                                              Confirmed User
                                                                                              • Jan 2005
                                                                                              • 8452
                                                                                              #24
                                                                                              Originally posted by Darkland
                                                                                              Not Regulated is what I meant to say, was typing in a rush.

                                                                                              Really?

                                                                                              Then why does the Federal government not list them as a government agency, nor does it respond on a daily basis to Congress, nor is it subject to congressional action?
                                                                                              It took me 20 seconds to find this:

                                                                                              http://www.whitehouse.gov/government...-agencies.html

                                                                                              As for responding to Congress, I don't know why it's not daily. I do know they speak in front of Congress from time to time as well have independent audits done on them yearly. I'd imagine it's like every other government entity. The Senate has to approve appointees much like they do for other areas of government.

                                                                                              If you have issues with that, you'd have an issue with most of the government agencies we have running. Most are appointed by a President and approved by Congress.

                                                                                                Comment

                                                                                                • marketsmart
                                                                                                  HOMICIDAL TROLL KILLER
                                                                                                  • Dec 2004
                                                                                                  • 20419
                                                                                                  #25
                                                                                                  Originally posted by pocketkangaroo
                                                                                                  It took me 20 seconds to find this:

                                                                                                  http://www.whitehouse.gov/government...-agencies.html

                                                                                                  As for responding to Congress, I don't know why it's not daily. I do know they speak in front of Congress from time to time as well have independent audits done on them yearly. I'd imagine it's like every other government entity. The Senate has to approve appointees much like they do for other areas of government.

                                                                                                  If you have issues with that, you'd have an issue with most of the government agencies we have running. Most are appointed by a President and approved by Congress.
                                                                                                  stop and think for a minute as to where you are getting your information from...

                                                                                                    Comment

                                                                                                    • pocketkangaroo
                                                                                                      Confirmed User
                                                                                                      • Jan 2005
                                                                                                      • 8452
                                                                                                      #26
                                                                                                      Originally posted by marketsmart
                                                                                                      stop and think for a minute as to where you are getting your information from...
                                                                                                      What exactly are you trying to dispute?

                                                                                                        Comment

                                                                                                        • marketsmart
                                                                                                          HOMICIDAL TROLL KILLER
                                                                                                          • Dec 2004
                                                                                                          • 20419
                                                                                                          #27
                                                                                                          Originally posted by pocketkangaroo
                                                                                                          What exactly are you trying to dispute?
                                                                                                          my bad, i had to re read... i though you were trying to debate that the federal reserve is a govt entity...

                                                                                                            Comment

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