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I help enlighten folks
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where is the outrage over Bush's socialism?
 

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Discussion Starter #4
The Federal Reserve made the loan, and it's owned by private banks. The taxpayer only gets to pay for it, not to own it.
Yes, the taxpayers will pay for it, but the federal government loaned the money.
 

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Discussion Starter #6
They are saying if we didn't bail out AIG, the economic situation would be a lot worse than it is now. **shrug**
 

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ΜΟΛΩΝ ΛΑΒ&
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This is f**king insane! Why in the hell is the government bailing out an insurance company? I can see a bank. I can see manufacturing or farmers. But an insurance company? Please. I own enough of the governments' debt as it is. Other companies would have bought AIG's policy. Why did we the government loan them 85 billion dollars??? Where did the money come from? Last I checked we are trillions of dollars in debt. The IMF would not loan the US all of the money to cover the Fannie Mae/Freddy Mac fiasco. Oh wait, never mind, I forgot. We are on a fiat monetary system. They will just print more money to cover this and devalue the dollar even more.

IMHO, the government needs to quit bailing out these SOBs and let corporate darwinsim run its course. Just curious though, does anyone know how much money the CEO/VPs and Board members at AIG have taken in bonuses and fat salaries over the past few years?
 

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ÐìrtýÐëëdsÐøñëÐìrtÇhëâþ
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Disgusting Abuse of power.... We the people will Never be able to pay for this ****.
 

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BowHunter
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I'm sorry, I had something to say,but it was political in nature, so I will post nothing here in any manner political, no matter how much it ties into the current topic.

:D:
 

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On the video I posted a link to, they say the Federal Government loaned the money.
Incompotent news reporting. Most people don't understand that the Federal Reserve and the Federal Govt are different entities. The news media are no different.

Fed press release

The statement "the U.S. government will receive a 79.9 percent equity interest in AIG" is a little odd. I'm guessign that if it fails anyways, they'll get it's assests, likely worth far less than any money loaned, will be fire saled ala the Resolution Trust Corp.
 

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The media portrays the Federal reserve as a government entity to keep the public dumbed down. It is in fact a private entity we have chose to handle our money. YES that is right a PRIVATE entity. If I remember correctly didn't the founding fathers warn us about doing just that very thing???
 

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Watchin tha world go by
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85% of what, a bankrupt company controlled by a Delware corporation, hmmm, theink we been had?????:eek::xeye:
no not actually as it is not technically bankrupt.:D:

what we OWN is more debt and paper which is assurance that bad loans will be made good for their losses.

i cannot understand how they think this will do any good. it will in the short run stave off a collapse on wall street, but short term only.
those losses that AIG couldnt cover are now ours to cover ----- difference?
treasury can pump money into it for a longer period of time thus like and other PONZI scheme keep money flowing into the pyramid.

so instead of an imediate crash and correction we will have a corkscrew crash.
same effect--- just the patient (us) bleeds and suffers longer.
 
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OK Since I'm payin' for it it I want my corner office, up front parking and hot secretary.
 

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The fed can bail them out if they wish,they are a privately owned bank.What ticks me is we're forced to use their currency.
 
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