Excuse us! We (the taxpayer) were forced to provide AIG this “loan”. We are the ones that have been “bent over” and you’re name calling? Is AIG still paying dividends on their stock or is that not as high a priority as golf?
Dum dum, you would be right if this was a loan from a lending institution, it is not. It is a loan from the government. Public perception, right or wrong, views AIG as a hog at the trough and their party did nothing to dispel this image. Add in excessive compensation packages and you can see why people respond the way they do.
call it a bailout, call it a loan, it doesn’t really matter what you call it. Heck, you could call a turd a diamond but I still wouldn’t give one as an engagement ring.
Whether it’s a loan or a bailout, I think the majority of us are sick of the government jumping in and basically printing money. GM wants help, now American Express wants it. Where is all this money coming from? What happens if the government doesn’t get paid back???
It wont end at that it never does.
AIG cancelled 160 plus corp events to save money. I dont see the ex ceo Hank pitching in any moneny. Maybe got out because he saw the hand writting on the wall and took the parachute. Never the less criminal hearings will take place sooner or latter. What we will be left with is more govt control and higher costs from the bad poor management from people that learned nothing from college ethics classes. What it really amounts to is extortion of our capitolistic root of the country mixed with a poker hand and a mentality that said hey if we get big enough and important enough to society we can rob them and they will have to bail us out in the end for capitolism to survive. This is theft. Is that covered under the D& O error coverage? Why is the Govt bailing them out for years of bad decisions of a few with in an other wise stellar company, AIG is a good company as a whole.
With the large portion of their fiscal demise being a mortgage back issue; would it be wise for AIG and other financial institutes in the sub-prime market to allow the individuals to remain in the homes and restructure their respective mortgages, so that the individuals do not vacate the homes and the companies still have some sort of cash flow coming in to temper the losses? Or does that just mask the problem and delay the inevitable?
gee, all i know is i’ve tried to live within my means, not over extend on credit, and sometimes do without. now me, my children, and grand children will be paying the price for all this mess. and i don’t care, nothing is too big to fail – i thought that was the capitalist way, and why laws against monopolies were drawn. there, i feel better now !
I read that much of AIG’s troubles were with investment risk and credit default swaps. The the hedge fund mangers who insured against this risk shorting the companies into the ground (Lehman) then collecting on policies from AIG. I am I misunderstanding some of this?
They are going to go bankrupt. And all our tax money is going to go into a black hole. This company is too big to let go down? We’re just delaying it and wasting taxpayer money. This capital injection into the FIs is ridiculous too. Were injecting them with cash and still they aren’t lending. The treasury department is talking about Sweden’s bank crisis like a model. Bush appointees talking about a socialist country as a something to mimic. And now they are looking into making sure banks lend to individuals again. Hey maybe individuals should save their money. Maybe badly run companies should go out of business. Im a democrat for crisssake and I think this socialization of private enterprise is more scary than a strong economic downturn. Because were headed for one anyway and spending this money is not just prolonging it.
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Excuse us! We (the taxpayer) were forced to provide AIG this “loan”. We are the ones that have been “bent over” and you’re name calling? Is AIG still paying dividends on their stock or is that not as high a priority as golf?
Dum dum, you would be right if this was a loan from a lending institution, it is not. It is a loan from the government. Public perception, right or wrong, views AIG as a hog at the trough and their party did nothing to dispel this image. Add in excessive compensation packages and you can see why people respond the way they do.
call it a bailout, call it a loan, it doesn’t really matter what you call it. Heck, you could call a turd a diamond but I still wouldn’t give one as an engagement ring.
Whether it’s a loan or a bailout, I think the majority of us are sick of the government jumping in and basically printing money. GM wants help, now American Express wants it. Where is all this money coming from? What happens if the government doesn’t get paid back???
It wont end at that it never does.
AIG cancelled 160 plus corp events to save money. I dont see the ex ceo Hank pitching in any moneny. Maybe got out because he saw the hand writting on the wall and took the parachute. Never the less criminal hearings will take place sooner or latter. What we will be left with is more govt control and higher costs from the bad poor management from people that learned nothing from college ethics classes. What it really amounts to is extortion of our capitolistic root of the country mixed with a poker hand and a mentality that said hey if we get big enough and important enough to society we can rob them and they will have to bail us out in the end for capitolism to survive. This is theft. Is that covered under the D& O error coverage? Why is the Govt bailing them out for years of bad decisions of a few with in an other wise stellar company, AIG is a good company as a whole.
Hey Ralph, You can also put lipstick on a pig and it is still a pig or a soccer mom. Oh, sorry, I already said that last month.
With the large portion of their fiscal demise being a mortgage back issue; would it be wise for AIG and other financial institutes in the sub-prime market to allow the individuals to remain in the homes and restructure their respective mortgages, so that the individuals do not vacate the homes and the companies still have some sort of cash flow coming in to temper the losses? Or does that just mask the problem and delay the inevitable?
gee, all i know is i’ve tried to live within my means, not over extend on credit, and sometimes do without. now me, my children, and grand children will be paying the price for all this mess. and i don’t care, nothing is too big to fail – i thought that was the capitalist way, and why laws against monopolies were drawn. there, i feel better now !
I read that much of AIG’s troubles were with investment risk and credit default swaps. The the hedge fund mangers who insured against this risk shorting the companies into the ground (Lehman) then collecting on policies from AIG. I am I misunderstanding some of this?
Go back to sleep, jim morrison. We’ll wake you when it’s over.
They are going to go bankrupt. And all our tax money is going to go into a black hole. This company is too big to let go down? We’re just delaying it and wasting taxpayer money. This capital injection into the FIs is ridiculous too. Were injecting them with cash and still they aren’t lending. The treasury department is talking about Sweden’s bank crisis like a model. Bush appointees talking about a socialist country as a something to mimic. And now they are looking into making sure banks lend to individuals again. Hey maybe individuals should save their money. Maybe badly run companies should go out of business. Im a democrat for crisssake and I think this socialization of private enterprise is more scary than a strong economic downturn. Because were headed for one anyway and spending this money is not just prolonging it.