reuters.com— U.S. Fed has now provided 85 billions to AIG in another expensive bailout, adding to US debt, in hope to save the market from a global crash. Thanks taxpayers!!!
Sep 17, 2008View in Crawl 4
Let me throw 85 billion over 2 years at a 1.1 TRILLION dollar company, and give me 79% ownership. I sell off 100 million in assets without even trying hard, get the loan paid back, and now own 79% of a restructured company?I dare you to say it was a bad deal for me. This was a sweetheart deal.
Bad business deals and bad management caused AIG to go under and it should fail. It is rather simple, if you get greedy and invest poorly, you lose. Kinda like my stock picks last year.And the FED has NO money, they just print it by the Billions causing my dollar to decline to about 25 cent.I may be retarded but you must be on crack to believe that bailing out all these giant corporations is going to help "little O you".
I agree that people shouldn't be forced to work but that's not something that happens anymore. In a true free market no one is forced to work but rather, as happens for the most part now, someone is willing to pay someone a certain amount if they are willing to work. There is no force involved.If no one is being forced or forcing anyone else then what is the problem? Free-markets are characterized specifically by the absence of force. As long as a government is around people will be forced to do things and thus a free market will not exist.Rich people who start companies increase the job supply. That's just a fact of life and anyone who has taken Econ 101 knows that private entities spend their money better than the government. If no rich people had money then no companies would exist and hardly anyone would have any jobs. I don't get where the anti-"trickle down theory" people think it fails? The current crisis was caused by regulators not doing their jobs. Government regulators never WILL do their jobs because they are prone to lobbyists. The government tells the people they can't stop companies from lobbying because it's guaranteed by "freedom of speech". That's how much the entire government cares about us regular people... to leave the regulation up to them is stupidity.
Do you want time-saving news on AIG and other companies?American International Group Inc., looking to sell assets to help pay off an $85 billion federal loan, announced plans to sell interests in its AIA Holding life-insurance business in Thailand as well as its consumer-banking unit. The Manhattan, N.Y. insurer also expects to dump its unit in the Philippines.Article provided by the U.S. Business Journal, providing concise, easy-to-read no-nonsense facts on companies nationwide like AIG. Receive concise news by email or BlackBerry smartphone. 26-year-old service.Stay up to date with company news now-- visit <a class="user" href="http://www.usbj.biz">http://www.usbj.biz</a> or call 800-407-9044 for a free sample. Receive news on AIG and other companies.
It's not their ideology, it's their rhetoric. The ideology is borrow & spend, just as Democrat ideology is tax & spend. Spending less? Hasn't been tried.
jaydojSep 18, 2008
not a bailout, no representation needed, stop getting your news from Glenn Beck.
mediablitzSep 18, 2008
Let me throw 85 billion over 2 years at a 1.1 TRILLION dollar company, and give me 79% ownership. I sell off 100 million in assets without even trying hard, get the loan paid back, and now own 79% of a restructured company?I dare you to say it was a bad deal for me. This was a sweetheart deal.
lacidar1Sep 20, 2008
Bad business deals and bad management caused AIG to go under and it should fail. It is rather simple, if you get greedy and invest poorly, you lose. Kinda like my stock picks last year.And the FED has NO money, they just print it by the Billions causing my dollar to decline to about 25 cent.I may be retarded but you must be on crack to believe that bailing out all these giant corporations is going to help "little O you".
danconiaSep 20, 2008
I agree that people shouldn't be forced to work but that's not something that happens anymore. In a true free market no one is forced to work but rather, as happens for the most part now, someone is willing to pay someone a certain amount if they are willing to work. There is no force involved.If no one is being forced or forcing anyone else then what is the problem? Free-markets are characterized specifically by the absence of force. As long as a government is around people will be forced to do things and thus a free market will not exist.Rich people who start companies increase the job supply. That's just a fact of life and anyone who has taken Econ 101 knows that private entities spend their money better than the government. If no rich people had money then no companies would exist and hardly anyone would have any jobs. I don't get where the anti-"trickle down theory" people think it fails? The current crisis was caused by regulators not doing their jobs. Government regulators never WILL do their jobs because they are prone to lobbyists. The government tells the people they can't stop companies from lobbying because it's guaranteed by "freedom of speech". That's how much the entire government cares about us regular people... to leave the regulation up to them is stupidity.
usbusinessnewsOct 8, 2008
Do you want time-saving news on AIG and other companies?American International Group Inc., looking to sell assets to help pay off an $85 billion federal loan, announced plans to sell interests in its AIA Holding life-insurance business in Thailand as well as its consumer-banking unit. The Manhattan, N.Y. insurer also expects to dump its unit in the Philippines.Article provided by the U.S. Business Journal, providing concise, easy-to-read no-nonsense facts on companies nationwide like AIG. Receive concise news by email or BlackBerry smartphone. 26-year-old service.Stay up to date with company news now-- visit <a class="user" href="http://www.usbj.biz">http://www.usbj.biz</a> or call 800-407-9044 for a free sample. Receive news on AIG and other companies.
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It's not their ideology, it's their rhetoric. The ideology is borrow & spend, just as Democrat ideology is tax & spend. Spending less? Hasn't been tried.
enkyiklMar 17, 2009
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