Government to offer conservatorship to AIG

reply to post by Anonymous ATS


Why should we pay twice in the form of taxes to state, then the state makes lousy investments with CAFR goes over budget raises taxes again and then the federal reserve effectively charges us the taxpayers again for the pleasure of bailing out the businesses that stole the money from the the states and various entities in the first place? It just simply makes no sense to pay multiple times just to keep the lie going, America needs to grow up and stop expecting something for nothing.



And corporation needs to have accountability and the government needs to stop bailing them out.

If the US is going down, perhaps China will call in there loans, thinking they will loose.
Get ready for taxes to trough the roof. No matter who is the next Pres. That will end the war with no money to pay for it.

reply to post by merky


I'm dying to know how we will repay anything to anybody. The only option is steal from Peter to pay Paul. What will it be our Social Security Fund?

reply to post by angelonmyshoulder
I can promise you we will not raid the Social Security fund. The reason I can guarantee this is that there's nothing in it to steal. Every dime of overage coming into SS goes straight into the treasury, who happily takes all the money in exchange for promissory notes so the Congress can spend it.

There's nothing left to steal from. The only thing you can steal now is evidence of previous theft. Thus, my contention that "it's over, enjoy the fall".

TheRedneck

After AIG rescue, Fed may find more at its door

"We're essentially continuing a system where profits are privatized and...losses socialized," Roubini said, adding that auto makers, airlines and other struggling businesses would no doubt be asking for government help too.

www.reuters.com...

U.S. regulators try to find WaMu buyer: report

www.reuters.com...

Just an FYI, the Federal Reserve is making a loan to AIG. American tax payers wont suffer because AIG...hold on to your hats for this one...has over a trillion dollars in collateral. Furthermore, with this $85B loan the fed claims 80% control of AIG.

I don't see this as a bailout of anyone but the American people and economy. Not only was this necessary to prevent some MAJOR carnage due to the unwinding of AIG's deeply intertwined derivatives, it probably will turn out to be a gain for the Fed/Treasury.




Just saying...

reply to post by grimreaper797


Quite honestly, it doesn't worry me mate - I'm still in university, I don't own property or shares or have any money tied up in America.

AIG has tanked, and the other markets have followed the tank. Nationalization hasn't helped the situation, and it's come through that world central banks are pumping in billions to avoid the whole financial system locking up.

It's all very interesting from this vantage point

reply to post by mattguy404
Even if you don't have any direct holdings, this will still affect you. Make no mstake about it, everything you have come to depend on, easy food, fuel, products, money, is all going to be affected by the large financial institutions and how they are doing. No man is an island.

TheRedneck

Originally posted by mattguy404
Quite honestly, it doesn't worry me mate - I'm still in university, I don't own property or shares or have any money tied up in America.

AIG has tanked, and the other markets have followed the tank. Nationalization hasn't helped the situation, and it's come through that world central banks are pumping in billions to avoid the whole financial system locking up.

It's all very interesting from this vantage point

You buy food right? You buy oil products? You have insurance? You dont have to own anything in america to be impacted.

Just be glad AIG didnt go under or else you would be singing an entirely different tune as AIG had its hand in MANY foreign markets, including yours. Unless you are a hermit who has no contact with soceity at all, you are impacted by the decisions made.