Subprime mess, blame, winners, losers?

I understand the press release, but i think it kinda confirms my point as well as yours.

you must have worked in this industry before.
I see why you can sit at home and eat duck.:hihi:

 

The taxpayers cannot lose in this situation. First of all, the $85B was not handed to AIG. It's there for their use if they need it. They can use all or part of it. Secondly, the loan will be paid off with interest. If AIG defaults, you own a well capitalized solid insurance company. Unlike other corporate giants who have gone down the tubes, this is not a situation where a few bigwigs parachuted themselves to wealth in Rio while the folks lost their life savings. The employees have been kept fully apprised of developments all the way back to Spitzer's prosecution of Greenburg. There is no hanky panky here, thus no need for outrage.

 

...Which is???

 

Yah what a solid company to loose 80% of its value. Tell that to those that held shares. And who are you calling a liberal? Me? You are the one who is in favor of this GOVT BAILOUT. And don't try to cop out on it is not a bailout because if the GOVT didn't step in AIG would be in the dirt.

At what point will you understand that inflating a BAD business is not in our economies best interest. Let the free market play out as it was intended to do.

You might as well vote for Obama at this point. A good ole "Republican" wanting the govt to take care of him for life. Go figure.

 

Can't lose?

Who is "you own"? How will a taxpayer ever see the direct benefit? Where is the GOVT getting this money to borrow?

Is it bad that this company is in the ****ter, YES. Will it effect alot of people, YES. Will it turn the economy down, YES. If you can't stand the heat get out the damn kitchen.

 

I dont know what your point is, you havent made one yet.:hihi:

 

You know not of what you speak. You are outraged and you have no idea why. To argue with you further would only make me dumber.

 

And you all great mighty of everything know the "truth" right?

 

Obviously!

 

what did you think about mccain being against the "bailout" before he was for it? seriously, not trying to be a partisan a$$.

"McCain said in morning interviews that he didn't want taxpayers to be ``on the hook'' for AIG. ``We cannot have the taxpayers bail out AIG or anybody else,'' McCain said yesterday on NBC's ``Today'' show. "

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0MSoQeC0h5g&refer=home