AIG bailout is "one-off event," says head of U.S. rescue fund

[bobthedrummer]

Source: Janet Whitman/ Financial Post

New York: The U.S. government's use of bank bailout money to fund a $150-billion rescue of global insurance giant American International Group doesn't mark a shift in strategy, the head of the bailout fund said Monday.

AIG's bailout is "a one-off event," Neel Kashkari, interim head of US government's US$700-billion bank rescue fund, told a financial industry conference here.

Read more: http://www.financialpost.com/story.html?id=946907

---

Maybe they meant to say one-of event?
Here's a critical AIG thread from our DU archives for those that love the truth.

"What was AIG 'insuring' for all those black budget networks?" (started 10-4-2008)
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4169766

[librechik]

1. kinda like Bush v Gore, huh?

We are only going to break the law just this once and only for our personal friends. So what's the harm?

[bobthedrummer]

2. And just think, librechik, you and I and every other US citizen now has AIG in our "portfolios"

:argh:

[librechik]

3. I feel richer already

where's my dividend check?

[bobthedrummer]

4. Another valuable resouce for US citizens-the Banks Watch page at Third World Traveler

Banks Watch
http://www.thirdworldtraveler.com/Banks/Banks_watch.html

[bobthedrummer]

5. Here is a link to The National Security Archive's Electronic Briefing Book 222

(and yes, this is related to AIG's "bailout" in the context of AIG's history of black budget networking)

The CIA's Family Jewels (posted June 21, 2007)
http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB222/index.htm

[amdezurik]

6. until next week anyway...

[jannyk]

7. ...But....150 Billion may not be enough......

Quote from Reuters article...

<<He (CEO Liddy) acknowledged the possibility, though, that even $150 billion might not be enough. "There is more breathing room, but the answer is, 'What do you think is going to happen to capital markets?'" he said. "Under any normal scenario, I think we are in pretty good shape. But you can never say never>>

http://www.reuters.com/article/innovationNews/idUSTRE4A92FM20081110?sp=true

[Karenina]

8. BWHAHAHAHAHAHA!

:rofl::rofl::rofl:

[bobthedrummer]

10. You have such an understated way with your words, my friend...

HOOHAH!
:hi:

[bemildred]

9. He means he has no explanation, or he doesn't want to tell you the explanation.

It's kind of an insult, actually. "F**k you, I don't have to explain myself."

[bobthedrummer]

12. Yep, and he's another Goldman-Sachs vet plus a rocket engineer...

:tinfoilhat:

[PfcHammer]

19. Goldman-Ballsac you mean. Lol

[MessiahRp]

11. Neel Kashkari = Bad, Bad News...

http://my.barackobama.com/page/community/post/epiphany08/gGgPGx

[bobthedrummer]

13. There it is...

[natrat]

14. how about-fuck you to the head of us rescue fund

[mile18blister]

15. Anyone who believes AIG won't siphon more money

I've got this "maybe 6 weeks" long war in Iraq I want to sell you.

[bobthedrummer]

16. "Indian-born Neel Kashkari launches US financial rescue" (10-20-08 The Times of India)

repost from the Overseas Indian Facilitation Centre-more biographical material about this "interim" $700-billon BFEE apparatchik

http://www.oifc.in/news_october08_015.asp

[acmavm]

17. 'one-off' event? What the hell does that mean.

Hell, English is my first language and I NEVER understand ANYTHING that comes from a politician or out of Washington anymore. I need to find out where I can get some lessons in whatever speak that is.

[WriteDown]

18. One-off....

Means one time. Its like saying one-shot.

[high density]

20. Every man and woman in this country would also like their own "one-off event"

Risk baby risk!

[corporatemedia]

21. When I play the daily number, I've had those "one-off events" ............. n/t

[Name removed]

22. Deleted message

Message removed by moderator. Click here to review the message board rules.

[bobthedrummer]

23. The "bottom" hasn't been reached at all, kick...

[bobthedrummer]

24. one more kick

:dem:

[Roland99]

25. Says the freshman financial expert.

:eyes:

[bobthedrummer]

26. "Kneel cash and carry"-Kick!

:7