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AIG is getting $150 Billion from the Government - 11/10/2008 7:53:21 AM
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Johnny_
Posts: 395
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From: California
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American International Group got a new, $150 billion deal from the federal government on Monday, as the Federal Reserve and Treasury Department made changes to the terms of the company's original bailout. Is this money coming out of the $700 billion bailout plan or is this on top of it? How are we going to pay for all this?
http://money.cnn.com/2008/11/10/news/companies/aig/index.htm
< Message edited by Johnny_ -- 11/11/2008 4:56:25 AM >
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RE: AIG is getting $150 Billion from the Federal Govern... - 11/10/2008 8:00:49 AM
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_jjp_
Posts: 624
Joined: 10/25/2007
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This country is on a down hill slide, we provide for those who fail themselves. Why should businesses be any different than everyday people in that they want the government to cover them when they fail. We brought this on ourselves by not demanding personal responsibility of EVERYONE regardless of race, gender, or political leanings. We have desensitized ourselves to rewarding failure so much that it took a $700 billion handout to make us cringe.
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RE: AIG is getting $150 Billion from the Federal Govern... - 11/10/2008 10:21:13 AM
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P31W
Posts: 2942
Joined: 6/13/2005
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quote:
How are we going to pay for all this?
Charge it please?
Let me pull up scripture. God warned us. We are currently in debt to foreign countries to the tune of 20% of our GDP...that means we will be sending alot of our weatlh to those countries and they will become stronger and us weaker. Our children and grandchildren are going to be their servants. "Just as the rich rule over the poor so the borrower is servant to the lender" Proverbs. We will work but other nations will enjoy the fruit of our labor.
Deu. 28
Curses for Disobedience
15.However, if you do not obey the LORD your God and do not carefully follow all his commands and decrees I am giving you today, all these curses will come upon you and overtake you:
31.Your ox will be slaughtered before your eyes, but you will eat none of it. Your donkey will be forcibly taken from you and will not be returned. Your sheep will be given to your enemies, and no one will rescue them.
32.Your sons and daughters will be given to another nation, and you will wear out your eyes watching for them day after day, powerless to lift a hand.
33.A people that you do not know will eat what your land and labor produce, and you will have nothing but cruel oppression all your days.
41.You will have sons and daughters but you will not keep them, because they will go into captivity.
43.The alien who lives among you will rise above you higher and higher, but you will sink lower and lower.
44.He will lend to you, but you will not lend to him. He will be the head, but you will be the tail.
< Message edited by P31W -- 11/10/2008 10:32:32 AM >
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RE: AIG is getting $150 Billion from the Government - 11/10/2008 3:05:51 PM
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Churchmouse26
Posts: 41
Joined: 11/5/2008
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quote:
ORIGINAL: Johnny_
American International Group got a new, $150 billion deal from the federal government on Monday...
Oh. Too bad it wasn't AIG = Answers in Genesis, lol. That might help straighten things out; but they wouldn't know what to do with THAT much money! :P
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RE: AIG is getting $150 Billion from the Government - 11/11/2008 4:59:58 AM
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Johnny_
Posts: 395
Joined: 11/26/2006
From: California
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Could someone kindly check my math to see if I have this down right?
AIG is getting $150 from the government. We also have a $700 billion bailout plan that was recently passed by congress. So this means: $150 (AIG) + $700 (Bailout) = $850 billion total. Is this correct? Could someone please check my math?
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RE: AIG is getting $150 Billion from the Government - 11/11/2008 11:34:54 AM
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PaleHawkWoman
Posts: 636
Joined: 7/14/2005
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This is disgusting! While regular folks are losing their homes and jobs our tax dollars are being forked over to bail out these greedy wretches? 
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RE: AIG is getting $150 Billion from the Government - 11/11/2008 11:47:45 AM
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Market42Fan
Posts: 238
Joined: 9/10/2008
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Can't help but wonder what's going on in the AIG boardroom.
"Yeah, we've got another $150 million bailout coming. What do you wanna do with this one?"
"Oh, I don't know. But I hear there's another random conference at the Ritz-Carlton."
"Don't just stand there, make the reservations."
_____________________________
"...as opposed to what? an I really, really like you crime?" Response by a 1973 cop to the main character from "Life on Mars" when the latter says a crime looks like a hate crime.
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RE: AIG is getting $150 Billion from the Government - 11/11/2008 4:11:43 PM
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GroupW
Posts: 2864
Joined: 11/16/2007
From: Up in the hills of Colorado (very BIG hills...)
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FYI - if your retirement account contains any guaranteed investment contracts or stable value investments, the AIG bailout is bailing you out too.
Roughly 40% or so of U.S. retirement funds reside in such investments.
Guess who is the major issuer of the investment guarantees backing those funds?
It's not just a bailout for the fat cats.
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: AIG is getting $150 Billion from the Government - 11/12/2008 11:45:05 AM
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mavrick
Posts: 71
Joined: 6/20/2006
From: The Danger Zone
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I understand the need for shorthand, but in these times I think it's worth clarifying.
I'd like to change the title of this thread to "AIG is getting $150 Billion from you and me, our kids, and our grandchildren."
Beating the dead horse I know, but governments get their money from taxation. They produce nothing. They are a drain on economic growth, not a benefit.
Any bailout, to any corporation, is only making matters worse for us. In the end, it benefits no one, and just makes the hole deeper for us to get out of.
_____________________________
"Never Leave Your Wingman"
"In this world you will have trouble. But fear not; I have overcome the world."
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RE: AIG is getting $150 Billion from the Government - 11/12/2008 11:47:15 AM
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mavrick
Posts: 71
Joined: 6/20/2006
From: The Danger Zone
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quote:
ORIGINAL: GroupW
FYI - if your retirement account contains any guaranteed investment contracts or stable value investments, the AIG bailout is bailing you out too.
Roughly 40% or so of U.S. retirement funds reside in such investments.
Guess who is the major issuer of the investment guarantees backing those funds?
It's not just a bailout for the fat cats.
So?
_____________________________
"Never Leave Your Wingman"
"In this world you will have trouble. But fear not; I have overcome the world."
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