Fed Said to Reverse Stance, Consider AIG Loan Package

[still_one]

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5hqE4P66CeM&refer=home

Isn't that special. I wonder who will pay for this?

[Speck Tater]

1. They will do ANYTHING to postpone complete meltdown till AFTER the election. NT

[nadinbrzezinski]

4. meltdown is here

that they can't avoid

And McHoover-Palin '08 will only deepen it

[nadinbrzezinski]

2. Given how many fingers in how many pies they have

truly there are few choices

Think of this if you will

They let it crash

You carry AIG insurance in your car, like oh half of Californians

You have an accident

Guess what? You are no longer insured

Chew on that.

Or you live in the Gulf Coast, and you have your house insurance through them

I hope this connects a few dots for you

[billyoc]

10. Wow. California sucks if they'd let their citizens flapping in the breeze like that.

Plenty of room in New York, though. :hi:

[nadinbrzezinski]

11. That's one consequence of this company crashing

and then there is texas...

And I would not be shocked if New Yorkers have that many people carrying AIG either

Yes, they are THAT LARGE

[billyoc]

12. New Yorkers' insurance won't lapse, though. That's the law here.

[fascisthunter]

3. Once again.... Republicans Bailing out the Wealthy

and giving average Americans the tab....

[RB TexLa]

5. And the people screwed? The stockholders of companies that were managed well through this.

Do well, don't get too deep in the speculative boom and you get to pick the bones of those who go bust. Oh no, can't let good management be rewarded.

[aquart]

6. Confident and in control, aren't they?

[Union Thug]

7. Corporate socialism. Hypocritical assholes

Meahwhile, my brother's unemployment benefits ran out, and millions are losing their homes... But the rich always rush to the aid of the rich.

I say let them burn.

[billyoc]

9. Careful, you'll offend a lot of liberals with that kind of talk.

I don't want to LET them burn, I want to MAKE them burn.

[Union Thug]

15. sorry, my mistake. :-)

[democraticinsurgent]

8. AIG are deep in the shadow government and so must be protected

http://www.onlinejournal.com/artman/publish/article_1261.shtml

Democratic Underground Demopedia reports in Who Killed John O’Neill that at the time of 9/11, AIG, the world’s largest insurance company, and subsidiaries Marsh McLennan, ACE and Kroll, were run by the Greenberg family. With Council on Foreign Relations (CFR) member Maurice “Hank” Greenberg as the AIG godfather, the Familia’s tentacles curled around the heart of the tragedy.

Hank’s son Jeffrey, a CFR member as well, was chairman of Marsh & McLennan, situated on floors throughout the North Tower of the World Trade Center as well as the top floors of the South Tower. Marsh also had ties to the CIA. Son Evan Greenberg, a CFR member, was CEO of ACE Limited, situated in Tower 7, which also contained AIG subsidiary Kroll, closely related to the CIA, also with an office in Tower 7.

Tower 7 also contained offices of the FBI, Department of Defense, IRS (which contained prodigious amounts of corporate tax fraud corporate, including Enron’s), US Secret Service, Securities & Exchange Commission (with more stock fraud records), and Citibank’s Salomon Smith Barney, the Mayor’s Office of Emergency Management and many other financial institutions.

Greenberg’s cousin, Alan “Ace” Greenberg, was former CEO of Bear Sterns, where the Bush family, Cheney family George Schultz, James Baker, et al, did business. It is the leading brokerage firm of the great and all-powerful Bush Familia.

Also reported by Democratic Underground, AIG’s Kroll “provided protection services,” among other things, to high level Americans at home and abroad. Kroll had military teams in their company and merged with Armor Holdings on August 23, 2001, adding Defence Systems Limited, another private military corporation, to their operation, and an ex-KGB team called Alpha Firm earlier acquired by Defense Systems Limited. These four teams could have been used on 9/11, part of a “corporatizing” of black ops in tandem with military teams.

According to whistleblower Richard Grove, who worked as a senior manager for SilverStream Software on Marsh and AIG accounts, Kroll also managed the Enron fraud once Kenneth Lay stepped down.

[Karenina]

13. How far down does this rabbit hole go?

:shrug:

[democraticinsurgent]

14. You know...

we just don't know....now do we?

Yikes.