Is AIG Going Down To

djv

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Boy Bush's adminastration getting to look like H Hovers. Are we close to the next depression. Or just a super recession.
M J were getting into insrance field here with AIG. Could it have affect on your business.
Boy things have been poorly ran last 6/7 years.
And old John again today does not understand how bad. Still thinks it's slow but ok.
 

DOGS THAT BARK

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AIG needs 75 billion on tuseday or it goes on the chopping block wednesday:confused:

AIG is horse of diff color from Lehman. They have trillions of assets just didn't want to liquidate at bargain basement price. The bailout is a 2 year loan which AIG should have little trouble meeting.
Actually thought there be others to step in before gov.
 

bryanz

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AIG is horse of diff color from Lehman. They have trillions of assets just didn't want to liquidate at bargain basement price. The bailout is a 2 year loan which AIG should have little trouble meeting.
Actually thought there be others to step in before gov.

others tryed but AIG did not want to give up control... the feds could have bailed them out 30 days ago before they were down rated.... even a wk agao.....s&p and moody didn't slice thier rating untill monday night......If there was someone/anyone that knew what they were doing, the tax payers could have porvided CORPORATE WELFARE FOR 20 OR 30 BILLION, NOT 85 BILLION.... are there any agencies in this government that are awake at the wheel ? What do we pay these people for ????? would be nice to see what insider selling looked like the last 12 months ....
 

The Sponge

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others tryed but AIG did not want to give up control... the feds could have bailed them out 30 days ago before they were down rated.... even a wk agao.....s&p and moody didn't slice thier rating untill monday night......If there was someone/anyone that knew what they were doing, the tax payers could have porvided CORPORATE WELFARE FOR 20 OR 30 BILLION, NOT 85 BILLION.... are there any agencies in this government that are awake at the wheel ? What do we pay these people for ????? would be nice to see what insider selling looked like the last 12 months ....

The walls are falling down all around us but somehow we got guys till this day, trying to sell us that the economy is just fine. The best part is these same guys will vote the same way. You would think they were to embarrassed to admit this. These type of people are a cancer to this country. Insanity at its finest. Its like a game to them. No matter if the country goes down the toilet and they are paying record prices for healthcare, gas and food, they much rather win an election so they could brag that they were right. Meanwhile the country suffers another four brutal years and other country's just shake their heads wondering how we could be this dangerously misinformed. Look no farther then that creep Phil Graham (a Mc Cain guy and still is,)for most of this mess as he snuck in a bill to deregulate these banks but somehow they have the gullible thinking the gov't has to stay out of the way. If you don't have crooks the Gov't should stay away but we are loaded with greedy croaks so they need to regulate. I hope a lot of these neo con thinking whack jobs are now starting to lose their jobs so when they go to the unemployment office, they can cry foul and blame the democrats for this mess. When you vote for a moron because you are a moron, you deserve to be unemployed while this crook will hide out on his ranch in a few months, knowing that him and that other thief got their money out of this mess, no matter who else suffers. These people are the scum of the earth and couldn't care less if soldiers are dying or people are suffering. This scum made out like bandits and will never be held accountable because the clowns on the right, with one bank after another falling apart, are somehow conned into thinking its the fault of the Democrats. You just can't make shit like this up.
 

Agent 0659

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The walls are falling down all around us but somehow we got guys till this day, trying to sell us that the economy is just fine. The best part is these same guys will vote the same way. You would think they were to embarrassed to admit this. These type of people are a cancer to this country. Insanity at its finest. Its like a game to them. No matter if the country goes down the toilet and they are paying record prices for healthcare, gas and food, they much rather win an election so they could brag that they were right. Meanwhile the country suffers another four brutal years and other country's just shake their heads wondering how we could be this dangerously misinformed. Look no farther then that creep Phil Graham (a Mc Cain guy and still is,)for most of this mess as he snuck in a bill to deregulate these banks but somehow they have the gullible thinking the gov't has to stay out of the way. If you don't have crooks the Gov't should stay away but we are loaded with greedy croaks so they need to regulate. I hope a lot of these neo con thinking whack jobs are now starting to lose their jobs so when they go to the unemployment office, they can cry foul and blame the democrats for this mess. When you vote for a moron because you are a moron, you deserve to be unemployed while this crook will hide out on his ranch in a few months, knowing that him and that other thief got their money out of this mess, no matter who else suffers. These people are the scum of the earth and couldn't care less if soldiers are dying or people are suffering. This scum made out like bandits and will never be held accountable because the clowns on the right, with one bank after another falling apart, are somehow conned into thinking its the fault of the Democrats. You just can't make shit like this up.


hammare.jpg
 

bryanz

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AIG is horse of diff color from Lehman. They have trillions of assets just didn't want to liquidate at bargain basement price. The bailout is a 2 year loan which AIG should have little trouble meeting.
Actually thought there be others to step in before gov.

many working americans have assets that they don't want to liqidate at bargin basement prices but they do every day in America.....You of all people, a champion for personal responsibility and accountability......how do you make excuses for people with trillions of assets ? I know the bail out/welfare was the right move for AIG but why the excuses ? tell it to the guy that has to sell a watch to pay his electric bill, tell it the mom that has to sell her mothers ring to feed her kids.....tell it to the family that has to sell a earloom to have liqiudity...... tell it to the prostitute that has to sell her ass to get her drugs..... everyone has their problems, some of us don't have to pay the piper,they just wait for the hand out.......the redistribution of wealth under this socialist president is the greatest in my life time and he's not done yet... Are you starting to see the two americas that john edwards talks about ? All the BIG's will walk away with their way of life intack.... the small shareholders and the average worker will be left holding the bag !!! where are the talking points about Responsibility & Accountability ????
 

DOGS THAT BARK

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Wasn't making excuses for their mistake--only saying I believe they are sitting on a lot more assets than their risk exposer--however they are actual 2 entirely diff entities (mortgage/insurance inside one entity. Same thing happened to Conseco couple years ago--they had trailor mortgage co that was bankruot for practical purposes but insurance portfolio that they couldn't mingle funds with.
Now I hope there is someone watching (Dept of Ins) to keep all ins co from mingling funds.

For the people you speak of having to sell something to eat--I'd say they have money management prob and are beyond help and believe there are a lot fewer than people would like us to believe. Do you you know any?

I'm definately not for most bailouts and as you said--the companies-and government have responsibilties also--just like we all do. It does make much more sense to me to if bail out is needed to bail out someone who provides something such as jobs--other than bail out people who signed mortages they can't pay -as you are throwing away money and only prolonging the inevitable on element that contibutes little to society but is generally on receiving end.
I know that sounds harsh--but how many of us would go look for people to lend or money to vs putting it in bank or elsewhere.
--and while on that note I enjoyed your post on moneymarkets--was interesting--thank you.
 

Eddie Haskell

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No doubt, those tricky lawyers and their frivolous lawsuits once again out to destroy america. 2nd time around ala 1990's where insurance companies greed causes them to go down. lawyer blame coming right up.

Couldn't be the carriers investments and greed in investing in subprimes, could it? Just like in the 90's couldn't have been the carriers investments and greed could it when dot com's blew up? Have to blame someone. Lets just make up an easy target. McDonalds sure got there money's worth from that cup of coffee, didn't they at the expense of a lot of victims rights over the last 20 years.

Eddie
 

DOGS THAT BARK

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No doubt, those tricky lawyers and their frivolous lawsuits once again out to destroy america. 2nd time around ala 1990's where insurance companies greed causes them to go down. lawyer blame coming right up.

Couldn't be the carriers investments and greed in investing in subprimes, could it? Just like in the 90's couldn't have been the carriers investments and greed could it when dot com's blew up? Have to blame someone. Lets just make up an easy target. McDonalds sure got there money's worth from that cup of coffee, didn't they at the expense of a lot of victims rights over the last 20 years.

Eddie

Isn't this Wednesday night---maybe you could run your post off on printer and share it with a willing audience of your peers later :)

They might also believe you when you tell them --some ding bat goes over speed bump with coffee between her legs--its McDonalds fault.:rolleyes:
 
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Eddie Haskell

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Actually, I ought to save it, re-post it in 10 years when you and your ilk blame lawyers for whatever else happens to this country down the road.

That is, if it is still here.

Eddie

PS. Now I get it. There was a speed bump in the McDonalds parking lot. Didn't her grandchildren also directly pour the coffee into her lap and throw into into her face and she still got 3 kabillion dollars from the 8 martians on the jury. You guy have played with the facts on that case so much it really isn't even funny anymore.
 
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