Question on AIG Bailout/ Takeover/ Nationalization
Submitted by hadabazinka on Wed, 09/17/2008 - 12:53
Okay, as I understand it the government is getting an 80% stake in AIG, but what it is contributing is only a LOAN. When AIG pays back this loan, does the Fed still keep the 80% stake? (of course, the American people will never see any profit from this stake, if there is any it will probably go to fight AIDs in Africa).
That is my question, does the Fed keep the stake even after the loan is paid back? ... And, I believe the Federal Government is the owner of the 80% stake (or is the Federal Reserve the owner?), ... so the money is printed out of thin air by the Federal Reserve, and the Federal Reserve loans the loan to the federal government which in turn loans the loan loaned by the federal reserve to AIG??? WTF, this is crazy talk!!!!!
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AIG bailout / 85billion over 2 years
on Cnn.com. questions and answer session. "Why deal may work out for taxpayers" yeah, sure. Anyway they are going to do a series of auctions of 35day Treasurey bills. They are providing an up to 85billion 24mo. bridge loan to AIG and the government will obtain 79.9% ownership of the company. Hope I read it all correctly.
According to a spokesperson from the White House, sent
forth to publicly defend the AIG bailout, the $85 Billion is likely only a portion of the help that AIG will need. Although the taxpayers are supposed to be "paid back first", the same W.H. spokesperson did admit to the possibility that the U.S. taxpayers will never see a dime of payback.
Yahoo posted the story at:
http://news.yahoo.com/s/ap/20080917/ap_on_go_pr_wh/bush_markets
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"An economy built on fiat money is a society on its way to ashes."
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"An economy built on fiat money is a society on its way to ashes."
austrianschool
thanks for the info, I also heard that AIG works in financing Haliburton. and I would bet you that ALL the net works, msm If we could find out just who else AIG is involved with man that would realy be following the money trail.
Well if anyone thought that it couldn't get worse or the
so-called "solutions" more preposterous, there is now a group of individuals (including one Alan Greenspan) calling for the formation of a new government agency that will be responsible for buying up bad debt. That's right, especially since it's going to be done on a "case-by-case" basis, only "experts" from the government should be involved in exchanging U.S. taxpayer money and guarantees for what will be essentially investment toxic waste. I got a big laugh out of it, even though it's not really funny, when the story was posted:
http://www.cnbc.com/id/26755914
It's my understanding that Mr. Greenspan will not be investing his personal assets in any of these investments since he already exited dollar-denominated investment assets prior to mid-2006. Awwwww.
It would seem now that failure, by way of bankruptcy, is only an option for certain institutions; those that do not meet the "too big to fail" or "cannot be allowed to fail" criteria. When you eliminate failure, success is likewise eliminated.
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"An economy built on fiat money is a society on its way to ashes."
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"An economy built on fiat money is a society on its way to ashes."
AIG= communist/gov, ran Insurance
bump
Loan app anyone
You got it right . YOU & your GOV"T are in the loan sharking business again.
Tell your GOV'T to get OUT of business the rothchilds hate competition.
says
My concern:
What about all of the people that have long term things like life insurance policies with them?
I have a policy with them because they bought out the company I originally had it with. Then I used to use them for home and auto until I had a fire and then the hell broke loose and it took me four years to get them to live up to their obligation. They made me suffer, but I eventually won. But that was not even the interest that they made in those years so they weren't hurt at all. In one aspect, I was so pleased to see them crumble, but I still am stuck with my life policy through them. What happens?
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I love my country
I am appalled by my government
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I love my country
I am appalled by my government
There is also the risk of AIG still going belly-up
Putting taxpayer money up as risk capital to cover AIG's bad investments.
If RP is willing to take Texas and secede, I'm ready to go!
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
It is highly doubtful if AIG
It is highly doubtful if AIG will ever be able to pay off that loan in the two year term, especially at an 11% interest rate.
“Men do not willingly read unpalatable truths of themselves. The people like those best who fool them most by pandering to their vices and flattering their foibles”—Admiral Raphael Semmes.
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes
exactly
it's like throwing money onto a sinking ship!! So why the hell are taxpayers being forced to do this!!!!????? REVOLT NOW!
Pop Reduce
Because poor people generally don't live nearly as long. See Eugenics.