Barack_America
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Tue Sep-16-08 10:33 PM
Original message |
If the Fed had bailed out AIG on Friday, we'd only be paying $20 billion. |
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They decided to play the "tough love" route, trying to force AIG to find their own suitor. Well, that didn't happen, and in the meantime AIG's credit rating got downgraded. As a result, AIG now needs to raise $85 billion.
Do I have that right? (Suzie Orman just stated this on CNN, which got me curious)
So here's my question, if the Fed was never going to let AIG fail, why the hell didn't they bail them out when the price tag to American taxpayers was cheaper? They just screwed us out of an additional $65 billion. Do you have extra money to give AIG? I sure as hell don't.
:wtf:
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knowbody0
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Tue Sep-16-08 10:40 PM
Response to Original message |
1. i wish we had a say in all this |
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must not be a part of our freedom or democracy
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MercutioATC
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Tue Sep-16-08 10:48 PM
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2. Fuck, fuckitty fuck fuck |
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Who's going to bail US out after we've given all of our money to failed private companies?
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Barack_America
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Tue Sep-16-08 11:17 PM
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5. I'm just waiting for one of these foreign governments we are beholden to... |
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...to come and claim what they own.
What happens to us when that happens? Do we even still own our own homes?
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Oregone
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Tue Sep-16-08 10:49 PM
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3. It allowed people to make dough while dumping AIG stock |
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Such people probably had buddies in Washington.
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Barack_America
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Tue Sep-16-08 10:54 PM
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4. That just makes me sick. |
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I'm sure that the millions of Americans with 401K's and mutual funds invested in AIG were not so lucky. I'm sure the managers of those funds let those investments sit and crumble.
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DU
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Fri May 10th 2024, 06:26 AM
Response to Original message |