I just want to thank all of my fellow DUers for yours & my tax contribution of the 85 bill to AIG.

[EV_Ares]

[MichiganVote]

1. Heck of a fee for this screwin'

[abelenkpe]

2. you're welcome

wait.....what?

[Skittles]

4. do we kick EV_Ares ass or AIG ass?

:o

[EV_Ares]

6. I heard that.

[mrJJ]

3. Ya left out the other $87 Billion

err you forgot the Lehman "Loan"

Source: Reuters

NEW YORK (Reuters) - The New York Federal Reserve intervened aggressively to shore up the U.S. financial system this week, providing at least $87 billion to help underpin trades with bankrupt Lehman Brothers, court documents show.

The Fed's action is the latest sign of how U.S. authorities have been seeking to prop up financial markets following the failure of Lehman and as big insurer American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) fights for survival.

While the government had pledged not to fund a rescue of Lehman, the disclosure on Tuesday showed authorities that were taking other financial steps to prevent markets from descending into chaos.

<snip>

Lehman and the New York Fed had requested the advance, known as a "commencement date advance" and the New York Fed repaid it, according to filings.

In effect, the New York Fed lent Lehman the funds.

A representative for the New York Fed declined to comment.

"This expansion of the Fed's credit program is unprecedented," said David Pauker, a managing director with restructuring adviser Goldin Associates.

Read more: http://www.reuters.com/article/bondsNews/idUSN164640042

[whistle]

7. Also, didn't the Fed make an additional $98 billion available to

...speculators and hedge fund gamblers throughout the day to keep the stock market from having another 600 point drop today? That means that another 392,000 homeowners can be forced in foreclosure by these Wall Street blood suckers as they secure their asset portfolios.

Wake-up America.

[whistle]

5. No problem, we all know the the corporate CEOs and rePuke preferred stockholders

...at AIG really need the tax free $85 billion bailout now to shelter themselves while they sell their interest to sucker hedge funds before the corporation is bankrupted next weekend