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AIG bailout - 85 billion of taxpayers money

Discussion in 'Members' Lounge' started by reckedracing, Sep 17, 2008.

  1. reckedracing

    reckedracing TTIWWOP VIP

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    WASHINGTON - Another day, but not just another bailout. This one's a stunning government takeover.
    [​IMG]
    In the most far-reaching intervention into the private sector ever for the Federal Reserve, the government stepped in Tuesday to rescue American International Group Inc. with an $85 billion injection of taxpayer money. Under the deal, the government will get a 79.9 percent stake in one of the world's largest insurers and the right to remove senior management.

    discuss
     
  2. Celerity

    Celerity Well-Known Member

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    Cheney's new job.
     
  3. nootrac22

    nootrac22 Well-Known Member VIP

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    Hell, wish I could get on board.



    The end is near! The end of days is upon us!
     
  4. Sabz5150

    Sabz5150 FALCON PUNCH!!!

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    And they say the LHC is what's gonna create a black hole...
     
  5. George777

    George777 ^^ Likes Bewbies

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    More will come of this. This is just one of the first baby steps towards changing the direction of this country. Something smells fishy about this, and I don't like it. I don't follow politics, nor do I care what happens with government decisions, but something is telling me this is not going to be in the favor of the general populous of America.
     
  6. cheese9988

    cheese9988 Senior Member VIP

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    A new 1930's? I'm afraid just to open my Scottrade account.
     
    Last edited: Sep 17, 2008
  7. Drake

    Drake Well-Known Member VIP

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    Well the way things are going you are going to start to seriously carring about what happens with government decisions.
     
    1 person likes this.
  8. dacheat

    dacheat ..is grounded.

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    :werd:

    jeebus what does it take to get your attention? you're leaving the fate of this country up to 'politicians' - this is the biggest failing of the american people, evar.
     
  9. cheese9988

    cheese9988 Senior Member VIP

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    Government control is almost never profitable for business. My suspicion is that it could generate more money for the government and bring down everything else.
     
  10. Briansol

    Briansol Admins Admin VIP

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    I'm loving it.

    Everything is in the shitter.

    I'm buying stock like crazy at 2001 prices :)
     
  11. DarkHand

    DarkHand Senior Member VIP

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    But it's gonna suck if things drop to 1930's prices. :D
     
  12. Briansol

    Briansol Admins Admin VIP

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    cant. too many reverse splits will have to take place
     
  13. Airjockie

    Airjockie Watanabe Whore!!!

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  14. Briansol

    Briansol Admins Admin VIP

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  15. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

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    Do you know why Lehman Brothers lasted as long as they did? They were true capitalists. They knew the weak had to die for the strong to survive, even when it was them. These companies need to refuse bail-outs, let the market run it's course, and smash a few companies in the head with a Louisville Slugger.
     
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