AIG Gets NEW $150K Bail Out Deal

AIG Gets NEW $150K Bail Out Deal

There are 355 comments on the www.foxbusiness.com story from Nov 10, 2008, titled AIG Gets NEW $150K Bail Out Deal. In it, www.foxbusiness.com reports that:

The U.S. government on Monday announced a revised bailout package for troubled insurer American International Group (AIG) that’s now valued at $150 billion

Join the discussion below, or Read more at www.foxbusiness.com.

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Lance Winslow

United States

#1 Nov 10, 2008
Only Fox news could headline a story on $150 billion with "$150K".
AIG deserves $150K.

“All Politics, All the Time”

Since: Aug 08

Spartanburg, SC

#2 Nov 10, 2008
Lance Winslow wrote:
Only Fox news could headline a story on $150 billion with "$150K".
AIG deserves $150K.
Oops. That was my mistake in transposing. Thanks for pointing it out. Will see if I can edit it )not sure edit function lets me change the title)
Jones

“It's about the American People”

Since: Jun 07

Flushing, NY

#3 Nov 10, 2008
Since the corrupt radical liberal Dems led by the power-seeking clueless Pelosi and Barack Hussein Obama took control of US Congress in 2006, US economy and National security is sliding down a steep and slippery slope to a major crash.
A month before the elections, the US banking system fell apart because of more than three trillion dollars of bad mortgages that were taken by the Acorn gangs with threats from banks with the legal support of Barack Hussein Obama.
It was the radical anarchist liberal Dems of Barack Obama, Rahm Emanuel and Bernie Frank who cooked the books of Fannie Mae and Freddie Mac and used the banks as the democrat Party bank.
Now the three trillion dollars that were stolen by the Democrats as fraudulent Acorn bad mortgages from the hardworking American people were presented to the American people to pay.
It is time for the American people to stop the madness and the crush of US economy under corrupt bunch of liberal anarchist Marxists losers under Barack Obama, Rahm Emanuel and Pelosi.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#5 Nov 10, 2008
Has government ever been bigger than it has grown under Bush?

“Truth to Power!”

Since: Apr 07

United States

#6 Nov 10, 2008
Lance Winslow wrote:
Only Fox news could headline a story on $150 billion with "$150K".
AIG deserves $150K.
Typical. You didn't even read the story linked. It shows the B for billion.

This 2nd bail out is a bigger mistake. You have to cut your loses at some point and this additional taxpayer exposure in not worth it.
America Is Gone For Now

Cornville, AZ

#7 Nov 10, 2008
CharlieChatBox wrote:
Stop the Obama Constitutional Crisis
Sign the Petition : 87,689 Letters and Emails Sent So Far
http://www.rallycongress.com/constitutional-q...
***A hand SIGNED letter mailed via postal service is Much more effective than email. Emailed concernes may not be read!!***
Did you not know that Obama is above the law!
Contact your state Election Officials & Congressional Representatives demand action.
An objection must be made in writing and signed by at least one Senator and one member of the House of Representatives.
http://nass.org/index.php...
An Open letter that will print in USA Today next week.
http://www.wethepeoplefoundation.org/UPDATE/m...
***Again, A hand SIGNED letter mailed via postal service is Much more effective than email.***
Pass it on, The People Need To have their Voice Heard
Obama is above the Law!
America Is Gone For Now

Cornville, AZ

#8 Nov 10, 2008
The laughing liberal wrote:
<quoted text>
Typical. You didn't even read the story linked. It shows the B for billion.
This 2nd bail out is a bigger mistake. You have to cut your loses at some point and this additional taxpayer exposure in not worth it.
I guess the first party that we the taxpayers funded was not enough. These crooks along with the help of the Obama government free giving, feel good liberals headed by Pelsoi must be stopped.

“Truth to Power!”

Since: Apr 07

United States

#9 Nov 10, 2008
America Is Gone For Now wrote:
<quoted text>
I guess the first party that we the taxpayers funded was not enough. These crooks along with the help of the Obama government free giving, feel good liberals headed by Pelsoi must be stopped.
It only gets worse. Read this story:
http://www.bloomberg.com/apps/news...

Nov. 10 (Bloomberg)-- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

``The collateral is not being adequately disclosed, and that's a big problem,'' said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds.``In a liquid market, this wouldn't matter, but we're not. The market is very nervous and very thin.''

Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal lawsuit Nov. 7 seeking to force disclosure.

The Fed made the loans under terms of 11 programs, eight of them created in the past 15 months, in the midst of the biggest financial crisis since the Great Depression.

``It's your money; it's not the Fed's money,'' said billionaire Ted Forstmann, senior partner of Forstmann Little & Co. in New York.``Of course there should be transparency.''

Treasury, Fed, Obama

Federal Reserve spokeswoman Michelle Smith declined to comment on the loans or the Bloomberg lawsuit. Treasury spokeswoman Michele Davis didn't respond to a phone call and an e-mail seeking comment.

President-elect Barack Obama's economic adviser, Jason Furman, also didn't respond to an e-mail and a phone call seeking comment from Obama.

“Truth to Power!”

Since: Apr 07

United States

#10 Nov 10, 2008
What about a Bail Out for the US Postal Service?

It's cheap!
Only $2 Billion (annually)!

http://www.ksla.com/global/story.asp...

SHREVEPORT, LA (KSLA)- "We lost 2 billion dollars and like any other business we have to stay afloat." And to keep from sinking, the United States Postal Service is considering cutting thousands of jobs nationwide. Lavelle Pepper with the post office in Shreveport says they too are feeling the affects of the same disease hitting the country... a struggling economy. "We employ about 685,000 people. If we do layoffs it would include clerks, carriers, mail handlers across all crafts."

Pepper says the postal service is looking to eliminate 40,000 jobs nationwide...

“Truth to Power!”

Since: Apr 07

United States

#11 Nov 10, 2008
OneRyder wrote:
Has government ever been bigger than it has grown under Bush?
It's going to get a lot bigger under Obummer.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#12 Nov 10, 2008
LOL...Bush supporters are trying to blame this on Obama???

LOL

“All Politics, All the Time”

Since: Aug 08

Spartanburg, SC

#13 Nov 10, 2008
Jones wrote:
Since the corrupt radical liberal Dems led by the power-seeking clueless Pelosi and Barack Hussein Obama took control of US Congress in 2006, US economy and National security is sliding down a steep and slippery slope to a major crash.
Sorry but that didn't happen in a vacuum in just the last two years and it is immature and naive to think it did. A LOT more years and variables involved.

“All Politics, All the Time”

Since: Aug 08

Spartanburg, SC

#15 Nov 10, 2008
America Is Gone For Now wrote:
<quoted text>
Obama is above the Law!
Yhis is SO not a valid issue (except for with the wacko brigade). Give it up already.

“Truth to Power!”

Since: Apr 07

United States

#16 Nov 10, 2008
OneRyder wrote:
LOL...Bush supporters are trying to blame this on Obama???
LOL
Blame?
Obummer is already putting plans in place to create a New Court System.

Can't wait for more to surface!

“Truth to Power!”

Since: Apr 07

United States

#17 Nov 10, 2008
WhiteChocolate86 wrote:
Ahhh yes, more firms that are partially (if not completely) owned by the government should have the hammer and sickle on their logo.
LMAO! Holographed would have the "O" when viewed at a slightly left pov.

“All Politics, All the Time”

Since: Aug 08

Spartanburg, SC

#18 Nov 10, 2008
The laughing liberal wrote:
<quoted text>
Blame?
Obummer is already putting plans in place to create a New Court System.
Can't wait for more to surface!
Progress=Change.
I'm willing to listen to any idea that will be an improvement over the way things are now. We can only go UP from the last 8 years on just about everything.
Dak

Secaucus, NJ

#21 Nov 10, 2008
CharlieChatBox wrote:
Stop the Obama Constitutional Crisis
Sign the Petition : 87,689 Letters and Emails Sent So Far
http://www.rallycongress.com/constitutional-q...
***A hand SIGNED letter mailed via postal service is Much more effective than email. Emailed concernes may not be read!!***
Contact your state Election Officials & Congressional Representatives demand action.
An objection must be made in writing and signed by at least one Senator and one member of the House of Representatives.
http://nass.org/index.php...
An Open letter that will print in USA Today next week.
http://www.wethepeoplefoundation.org/UPDATE/m...
***Again, A hand SIGNED letter mailed via postal service is Much more effective than email.***
Pass it on, The People Need To have their Voice Heard
I'm a McCain supporter, and I approve this message!

By the way, U. S. SUPREME COURT AWAITS RESPONSE TO
BERG'S WRIT OF CERTIORARI FROM OBAMA, DNC and Co-DEFENDANTS Dec. 1 - Will the people forward the petition to the Supreme Court too after more signatures are obtained?
http://obamacrimes.com/index.php/news/52-us-s...

“Love of $ is the Root of Evil”

Since: Sep 08

Gotham City

#22 Nov 10, 2008
The laughing liberal wrote:
<quoted text>
Blame?
Obummer is already putting plans in place to create a New Court System.
Can't wait for more to surface!
And it's a good thing!

A court system to prosecute international criminals is long overdue. Living in a day and age where nukes can be considered an 'out-dated' technology (being close to a century old)... we need public systems to handle the influx of change that is going on and is going to happen...

Being a conservative in the information age, is like using a sword when everyone else is using rapid-fire machine guns....

As a nation, we are struggling to keep up... Even Cuba has a better health care system than the USA.

And THAT... is just sad.

Did you know that the Auto industry got a bail-out in the late 1970s as well???

GM & Chrysler will merge by the end of the year.

The bailout is inherently wrong.... rewarding people for making business mistakes. But the alternative is much worse.... Having a hole of $150,000,000,000 in the economy would have a ripple effect that would put many many many people out of work and the de-flation would be enormous.

ie. the lesser of two evils...

but.... is the money really ours to begin with?
the FED prints it...
it has other old-guy's name on it.

the value of the $ is a fictional piece of paper..
actually... these days... bits of electrons in a computer calculation..

how could such a thing???
be worth soooooo much??????

kinda makes u think about what is really important for a moment...

fictional electrons in a database.

“Love of $ is the Root of Evil”

Since: Sep 08

Gotham City

#23 Nov 10, 2008
Dak wrote:
<quoted text>
I'm a McCain supporter, and I approve this message!
By the way, U. S. SUPREME COURT AWAITS RESPONSE TO
BERG'S WRIT OF CERTIORARI FROM OBAMA, DNC and Co-DEFENDANTS Dec. 1 - Will the people forward the petition to the Supreme Court too after more signatures are obtained?
http://obamacrimes.com/index.php/news/52-us-s...
LoL... u guys are pathetic.
Even your fearless leader now takes his hat off to a true leader of the Free World...

Just like another Illinois senator before him... There will be great controversy with what he does and represents. While some business will suffer (just like when slavery was out-lawed)... The positive impact on the future will be more liberty and freedom for our children..

“All Politics, All the Time”

Since: Aug 08

Spartanburg, SC

#24 Nov 10, 2008
Dak wrote:
<quoted text>
I'm a McCain supporter, and I approve this message!
By the way, U. S. SUPREME COURT AWAITS RESPONSE TO
BERG'S WRIT OF CERTIORARI FROM OBAMA, DNC and Co-DEFENDANTS Dec. 1 - Will the people forward the petition to the Supreme Court too after more signatures are obtained?
http://obamacrimes.com/index.php/news/52-us-s...
"obamacrimes?" "press release?" They are nobody and nobody is reporting on this because it's a DEAD issue. Get over it.

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