hmmm... my stock portfolio keeps going up. sucks to be the investors in that company.
also sucks to be US tax payers at the momentusmarine wrote:
hmmm... my stock portfolio keeps going up. sucks to be the investors in that company.
it always sucks to pay taxes. last time i checked, i still get the same amount taken out.TheAussieReaper wrote:
also sucks to be US tax payers at the momentusmarine wrote:
hmmm... my stock portfolio keeps going up. sucks to be the investors in that company.
Who's gonna bailout the bailer outers when they have spent more than they are taking in?
You can't see that happening, can you.
Watch and see.
You can't see that happening, can you.
Watch and see.
That sucks for US. If you're poor/middle class then screw you, but if you're ultra rich then here is your welfare check
What a laisse faire facade! Looks like the wall street crowd are really just a bunch of socialists after all and they are turning into bailout queens.
hopefully they sell off the assets quick and rip AIG into little chunks and then salt the earth with regulation so that this will never happen again.
What a laisse faire facade! Looks like the wall street crowd are really just a bunch of socialists after all and they are turning into bailout queens.
hopefully they sell off the assets quick and rip AIG into little chunks and then salt the earth with regulation so that this will never happen again.
I thought this thread was about me getting some federal assistance when I first looked at it.
I own 80% of ATG? Awesome.Mason4Assassin444 wrote:
http://money.cnn.com/2008/09/16/news/companies/AIG/index.htm?cnn=yes
Congrats. You all own 80% stake in AIG.
I'm glad they didn't cut the rates today. (I'll probably eat my words soon)
The last thing we need is our currency devalued once more. That will of course send gas prices (and everything else) up again.
The last thing we need is our currency devalued once more. That will of course send gas prices (and everything else) up again.
Xbone Stormsurgezz
Unfettered free markets and government bailouts go hand in hand.
This isn't that kind of bailout. The gov't is giving them a bridge loan with an 11-12%apr. It's the money they need to stay afloat, but it's too expensive for them to keep. It gives them time to find financing at a much better rate.Diesel_dyk wrote:
hopefully they sell off the assets quick and rip AIG into little chunks and then salt the earth with regulation so that this will never happen again.
We need to let fail companies fail.Kmarion wrote:
I'm glad they didn't cut the rates today. (I'll probably eat my words soon)
The last thing we need is our currency devalued once more. That will of course send gas prices (and everything else) up again.
Even if that includes me.
That they won't find due to their credit rating being shit. U.S. Government was the only entity to give them the loan. We have shitty credit too now. We just can't let anyone find out about it. Not until after the election.Reciprocity wrote:
Unfettered free markets and government bailouts go hand in hand.This isn't that kind of bailout. The gov't is giving them a bridge loan with an 11-12%apr. It's the money they need to stay afloat, but it's too expensive for them to keep. It gives them time to find financing at a much better rate.Diesel_dyk wrote:
hopefully they sell off the assets quick and rip AIG into little chunks and then salt the earth with regulation so that this will never happen again.
And what happens to "small business" in this situation. If I run a super market or gas station that goes under, do I get a bailout? No I don't I file chapte 11 and lick my wounds on my way to the welfar eline.
Last edited by Mason4Assassin444 (2008-09-16 20:37:13)
Don't get me wrong, I'm not defending these fucks, but your super market or gas station isn't one of the 30 largest companies in the US.Mason4Assassin444 wrote:
And what happens to "small business" in this situation. If I run a super market or gas station that goes under, do I get a bailout? No I don't I file chapte 11 and lick my wounds on my way to the welfar eline.
Corporate world is protected. Little guy gets fucked. I understand. I understand AIG going under would be bad news.Reciprocity wrote:
Don't get me wrong, I'm not defending these fucks, but your super market or gas station isn't one of the 30 largest companies in the US.Mason4Assassin444 wrote:
And what happens to "small business" in this situation. If I run a super market or gas station that goes under, do I get a bailout? No I don't I file chapte 11 and lick my wounds on my way to the welfar eline.
Just understand, the US government can't bailout every large corporation and not feel the effects. Sooner or later it will catch up. I'll bet Bernake has kidney stones the size of softballs.
They've actually let quite a few fail. Lehman brothers being the most recent.ATG wrote:
We need to let fail companies fail.Kmarion wrote:
I'm glad they didn't cut the rates today. (I'll probably eat my words soon)
The last thing we need is our currency devalued once more. That will of course send gas prices (and everything else) up again.
Even if that includes me.
There is some good news. Oil almost hit $90 today. We need to get those refineries back online though .
Xbone Stormsurgezz
We will get it back. AIG is still going to go under. They were lent the money to reduce the impact. 85 billion was lent to a company that has assests @ $1.1 trillion. When they liquefy the tax payers will be paid first.TheAussieReaper wrote:
also sucks to be US tax payers at the momentusmarine wrote:
hmmm... my stock portfolio keeps going up. sucks to be the investors in that company.
Xbone Stormsurgezz
How many more banks and financial institutions is the taxpayer of America going to have to prop up?
Well I bet at least Man Utd and their fans are happy
I was about to say...Mek-Stizzle wrote:
Well I bet at least Man Utd and their fans are happy
Hmm...
Methinks a major overhaul of capital regulation in America is long overdue.
Methinks a major overhaul of capital regulation in America is long overdue.
The paradox is only a conflict between reality and your feeling what reality ought to be.
~ Richard Feynman
~ Richard Feynman
Im in the wrong job. lets gets rich by screwing everyone else...and then we can get the goverment to bail us out! yay! win win.
Blackbelts are just whitebelts who have never quit.
yes, just like bankruptcy law. dont tell these guys that, that is too simple and wont induce panic by ATG.Kmarion wrote:
We will get it back. AIG is still going to go under. They were lent the money to reduce the impact. 85 billion was lent to a company that has assests @ $1.1 trillion. When they liquefy the tax payers will be paid first.TheAussieReaper wrote:
also sucks to be US tax payers at the momentusmarine wrote:
hmmm... my stock portfolio keeps going up. sucks to be the investors in that company.
How much will $85bn reduce the impact? How bad will shit be when AIG finally goes under? (serious questions, I don't know much about the global finance and insurance racket)
What about man utd?
What about man utd?
The feds are just delaying the inevitable.
And build new ones, when I was in Houston just before the first Hurricane was sweeping over Florida our boat was at the anchorage and the horizon was dotted with oil tankers waiting to have their crude pumped off and refinedKmarion wrote:
We need to get those refineries back online though .
I wish the government would stop bailing people out, Its not like the 80 billion came from some magical gold supply