AIG May Never Fully Pay Back U.S.

Full story: CBS News 44
Despite some progress, congressional investigators on Monday cast doubt on whether efforts by American International Group Inc. Full Story
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“Ron Paul is my president”

Since: Sep 09

Hometown USA

#1 Sep 21, 2009
never saw that coming.

Since: Sep 07

Havre De Grace, MD

#2 Sep 21, 2009
Neither did I, considering that EVERY OTHER COMPANY has been paying back the loans given to them by the government..... AIG was a BAD bet in the first place to bail out.
Second Thoughts

Apple Valley, CA

#3 Sep 21, 2009
What??? You mean give the bonuses back? Good luch with that one. The funny, yet sad, thing is that everyone saw it coming except the government.
Second Thoughts

Apple Valley, CA

#4 Sep 21, 2009
***luck***
BWF

Montebello, CA

#5 Sep 21, 2009
Get out the hemp rope. Enjoy your CDO's, CDS's, and all the rest of your underhanded, non-producing, financial chicanery when you BURN IN HELL!!!!!
BWF

Montebello, CA

#6 Sep 21, 2009
And you call pull the Goldman Sachs boys down with you!!!
Guess who

Las Vegas, NV

#7 Sep 21, 2009
Why they converted it to other currency?

Since: Aug 09

Phoenix, AZ

#8 Sep 21, 2009
Figures they'd do that. These companies used that money to pay off many of their bonuses, especially AIG. This is why big business has become dangerous. I think that money should have been given to smaller businesses so that they could have a better chance in the market.

“Ron Paul is my president”

Since: Sep 09

Hometown USA

#9 Sep 22, 2009
Kevyn-Jelani wrote:
Figures they'd do that. These companies used that money to pay off many of their bonuses, especially AIG. This is why big business has become dangerous. I think that money should have been given to smaller businesses so that they could have a better chance in the market.
this is why SOCIALIZING their LOSSES is dangerous. they should have never gotten one cent. none of them should have.

Since: Aug 09

Phoenix, AZ

#10 Sep 22, 2009
partisan pukes wrote:
<quoted text>
this is why SOCIALIZING their LOSSES is dangerous. they should have never gotten one cent. none of them should have.
True but we all know that this has become a socialist/capitalist state. We have so many socialist programs it's not even funny. This is sad that capitalism has become so corrupt, so powerful it now influences our government and destroys small business which are the ones who actually gives Americans jobs. These big corporations send jobs overseas and we're forced to buy their products still. This of course is the military-industrial complex, a system that profits from humanity's suffering and ignorance.

Since: Aug 09

Phoenix, AZ

#11 Sep 22, 2009
We won't ever stop America becoming fully socialist unless we remove or change the social programs, businesses, and even government that make it that way.
Here in LV

Las Vegas, NV

#12 Sep 22, 2009
Hmm; I wonder if GM and Chrysler will ever pay back either.

“Ron Paul is my president”

Since: Sep 09

Hometown USA

#13 Sep 23, 2009
Here in LV wrote:
Hmm; I wonder if GM and Chrysler will ever pay back either.
gm and chrysler both hold ownership shares of the federal reserve. tell me, who did we bailout?

“Ron Paul is my president”

Since: Sep 09

Hometown USA

#14 Sep 23, 2009
Kevyn-Jelani wrote:
We won't ever stop America becoming fully socialist unless we remove or change the social programs, businesses, and even government that make it that way.
join us
http://www.campaignforliberty.com/
comfort is not freedom.

Since: Aug 09

Phoenix, AZ

#15 Sep 23, 2009
partisan pukes wrote:
<quoted text>
join us
http://www.campaignforliberty.com/
comfort is not freedom.
I actually signed up earlier this year. Good information, I get the weekly newsletter.

“Ron Paul is my president”

Since: Sep 09

Hometown USA

#16 Sep 23, 2009
Kevyn-Jelani wrote:
<quoted text>
True but we all know that this has become a socialist/capitalist state. We have so many socialist programs it's not even funny. This is sad that capitalism has become so corrupt, so powerful it now influences our government and destroys small business which are the ones who actually gives Americans jobs. These big corporations send jobs overseas and we're forced to buy their products still. This of course is the military-industrial complex, a system that profits from humanity's suffering and ignorance.
capitalist? how are we even close to capitalist? capitalism is funded by savings. you check out the savings rate over the last 50 years. we have a central bank inflating our currency and creating CREDIT. we have the cornerstone of socialism running our economy as we have for the last 100 years. this is what is failing. they need you to believe that capitalism is the culprit so you will meekly surrender your freedom for the security of an all knowing government.

“Ron Paul is my president”

Since: Sep 09

Hometown USA

#17 Sep 23, 2009
Kevyn-Jelani wrote:
<quoted text>
I actually signed up earlier this year. Good information, I get the weekly newsletter.
excellent. now tell two friends.

Since: Aug 09

Phoenix, AZ

#18 Sep 23, 2009
partisan pukes wrote:
<quoted text>
capitalist? how are we even close to capitalist? capitalism is funded by savings. you check out the savings rate over the last 50 years. we have a central bank inflating our currency and creating CREDIT. we have the cornerstone of socialism running our economy as we have for the last 100 years. this is what is failing. they need you to believe that capitalism is the culprit so you will meekly surrender your freedom for the security of an all knowing government.
I never blamed capitalism. but I did refer to the fact our economy is a hybrid of socialism/capitalism, where some markets are still privately controlled but others are not.

Since: Aug 09

Phoenix, AZ

#19 Sep 23, 2009
This is the definition of Capitalism - "Capitalism typically refers to an economic and social system in which the means of production (also known as capital) are privately controlled." It doesn't refer to savings, I don't get what your point was.
BWF

Montebello, CA

#20 Sep 23, 2009
Why is the discussion always just Capitlaism OR Socialism -- or a combo of the two?

How about "Capitalism with Rules & Regulations"?

And just like in football, if you break a rule -- you get a penalty. It seems to me that this is what we had in previous decades. But then things like the Glass-Steagal Act and other forms of prudent regulation were repealed and the whole house of cards came down. Imagine football with practically no penalties and only one ref on the field. Chaos and destruction! Same thing.

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