AIG Out of the Woods

[menmon]

Again, I want to highlight a success of the Obama administration.

AIG, one of the largest insurance company that was on the brink of collapse only 2 years ago, has announced a very probable plan of repaying the federal govenment that own 92% of the failed giant. The experts agree that this will happen and that the Fed will make a profit from this investment.

Now for those of you that struggle with history, AIG, because of financial deregulation, was allowed to partcipate in the underwriting of financial securities that when the markets contracted put them in a position of defaulting on certain trades through out the world, and had Pulson not have encouraged congress to loan them money via perferred stocks and bonds, the failure of this company would have wrecked the entire financial system. Having said this, the first loan was not enough, so our new administration while being heavily criticized by republicans loaned them much more money to keep this giant from failing.

The end result is that they did right things and we and world are better off for it, but the spin doctors have used this to undermine those that had your back. Please take this as another example of being misled by those that you place so much trust to better you life.

[Marvin S]

and that the Fed will make a profit from this investment.

I believe CNBC reported that the taxpayers will take a bath to the tune of $45,000,000,000 = Only the government would consider that a profit .

[ducknwork]

If the fed govt makes a profit using our money, do we get dividend checks?

[menmon]

If the fed govt makes a profit using our money, do we get dividend checks?

I thought the size of their dividends were you biggest complaint.

[ducknwork]

I thought the size of their dividends were you biggest complaint.

Huh?

Actually, my biggest complaint right this minute is that I have to take a leak. And a team leader on the line interrupted my lunch break for me to go try to fix something that he should be more than capable of, and it is within his job duties. Kinda a toss up between the two right now.

[menmon]

I believe CNBC reported that the taxpayers will take a bath to the tune of $45,000,000,000 = Only the government would consider that a profit .

I was tuned in and that was not what I heard. Their an idiot on that show that likes to move a political agenda, and that being a right agenda, instead of sticking with facts. So if that was said, I'm sure it was not factual.

[menmon]

Huh?

Actually, my biggest complaint right this minute is that I have to take a leak. And a team leader on the line interrupted my lunch break for me to go try to fix something that he should be more than capable of, and it is within his job duties. Kinda a toss up between the two right now.

Sounds like a personal problem

[luvmylabs23139]

It's a ponzi scheme. So lets see, after the games the fed will increase it's ownership to 92.1% of AIG. Notice, increase not decrease gooberment ownership of AIG.

[BonMallari]

is AIG Out of The Woods related to Esprit Out of the Woods


only real retriever folks will know the answer to that one

[WaterDogRem]

It's Funny how some people believe its a victory to save a company that follows questionable, failing, and immoral practices (reason they failed).