AIG Domestic Life Units Get $37.8 Billion Cash from Federal Reserve

October 8, 2008

  • October 9, 2008 at 1:46 am
    Bill says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Forget the stupid party, Thats ignorant and peanuts to what our government is doing to our free market economy. Be leary of those handing out money to enter the equities market, They will never leave once they enter. A public company cannot compete with the government because they can print money.

  • October 9, 2008 at 1:56 am
    Henry Paulson says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Greetings to all you peons, I now control the economy! I alone will decide your economic fate! Resistance is futile! I will control where you work, where you live, how much you eat and every other part of your miserable lives! You are of use to me only to the extent that you will carry out the violence against others that I find necessary! So go ahead & vote this November-we all know that voting makes no difference whatsoever; it is only something that pacifies you peasants by making you think you have any control over us!

    I am the Almighty! I have absolute power!!

  • October 9, 2008 at 3:13 am
    Lame says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    You mullets have just enough information to make you dangerous…Because AIG negotiates a guido loan they cannot eat and drink…or is it the timing…is it ok in 6 months a year…should it be prison if they loan them money…maybe if they get arbor day and mlk off too…does this mean all AIG employees get to be driftwood now?

  • October 9, 2008 at 3:31 am
    Guess says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Yes, AIG held an Agents retreat and yes cancellation charges on rooms, food, etc. is what it is. It was REALLY Bad Timing but what the heck is $440K in comparison to what the Feds (us taxpayers have already “lent” them? And have spent $1BB per day for the last 14 days?! Pretty simple math as to how long it’ll take for them to go through OUR $$$!! Now we’re giving them more? If there’s someone out there who doesn’t realize AIG IS CIRCLING THE DRAIN, get a freakin clue! Some of the individual ins cos they have may be too big for anyone to swallow in one bite, so they’ll take nibbles, til its all gone.

  • October 9, 2008 at 3:36 am
    KLATU BARATA NIKTO says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    As someone once said when he was told that the “federal government” must bail them out because they’re “too big to fail:” “tell ’em to get smaller.”

  • October 9, 2008 at 3:38 am
    Dread says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    There are very few of us around who recall “The Day The Earth Stood Still”, the movie, not the debacle on Wall Street.

  • October 9, 2008 at 4:08 am
    Behind Bars says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Now all you guys & gals just waint one cotton pickin moment. I did print money just like the gov’t does. Unfortunetly they got upset that mine was better than theirs and now I’m stuck behind these bars printing for them.

    Whoda thunk.

  • October 9, 2008 at 4:54 am
    RReggie says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Well, I’m glad the Fed bailed out those bastards… we all know DUB-YA and his partners in crime are going to spend unwisely so why not spend it here?

    What a waste! What will we give the illegals (I’m talking about the Mexicans) and the “other” entitlement inhabitants’ of New Orleans?

    I want my money too! Give me! I have credit card bills.. give me money DUB-YA!

  • October 9, 2008 at 6:33 am
    Calif Ex Pat says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Oh yes, very few of us recall this 1951 Sci-fi amateur theatrical – it was no less a luminary than the late Michael Renee, who uttered this famous command to his sidekick robot, Gort – for all the good it did because he (Renee) then took off in his flying saucer leaving us world-lings to twist in the wind – sort of like what is about to happen in our financial world

  • October 10, 2008 at 12:28 pm
    Ratemaker says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Actually, this one isn’t going to cost the taxpayers a dime. This is a commercial paper transaction with one of AIG’s very sound subsidiaries borrowing money. It will be repaid within 9 months at a moderate interest rate. The Fed is going to make a profit on this transaction.

    The only thing notable about it is that the Fed is the buyer and the seller has AIG in its name.



Add a Comment

Your email address will not be published. Required fields are marked *

*