GOP Candidate Challenges Sen. Kerry on AIG Bailout
East News • October 10, 2008
Democratic Sen. John Kerry's Republican challenger in Massachusetts called on him to sell any stock he has in insurance giant American International Group and donate all campaign contributions ...
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Subject: When will it end?!
Posted On: October 11, 2008, 10:39 am CDT
Posted By: wudchuck
Comment:
"AIG is one of the highest-profile companies caught up in the turmoil on Wall Street. Last month the Federal Reserve provided an $85 billion loan to the company, which was on the brink of bankruptcy. On Wednesday the Fed provided a second loan of up to $37.8 billion."
-- so we gave them 122.8 billion to help them and then they went on a spending spree resort for the executives? so our money was a giveaway? WHAT?! outrageous!
now you wonder why the national budget is in a deficit! will we ever get back on track? how come we can have ourselves foreclosed, but we can't have the gov't foreclosed!
Subject: When will it end?!
-- so we gave them 122.8 billion to help them and then they went on a spending spree resort for the executives? so our money was a giveaway? WHAT?! outrageous!
now you wonder why the national budget is in a deficit! will we ever get back on track? how come we can have ourselves foreclosed, but we can't have the gov't foreclosed!