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AIG Rescue at Hand: Government to Take 80% Stake in Exchange for $85 Billion
National News September 16, 2008
An $85 billion government rescue of insurer American International Group Inc. looked increasingly likely Tuesday to stave off a bankruptcy that would have thrown world markets back into ...
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| Subject | Posted By | Posted On |
|---|---|---|
| To Mike, we are in agreement... | Free Market | Sep 22, 2008, 11:08 am |
| The REAL WORLD.........To Free Market | Mike | Sep 22, 2008, 9:18 am |
| RE: The REAL WORLD......... | Free Market | Sep 19, 2008, 4:27 pm |
| RE: The REAL WORLD......... | Free Market | Sep 19, 2008, 3:52 pm |
| RE: RE: RE: The REAL WORLD......... | Peon... | Sep 18, 2008, 9:37 pm |
| RE: RE: The REAL WORLD......... | Sorry Peon... | Sep 18, 2008, 7:00 pm |
| RE: RE: RE: The REAL WORLD......... | Peon... | Sep 18, 2008, 5:30 pm |
| RE: RE: The REAL WORLD......... | Mike | Sep 18, 2008, 3:57 pm |
| RE: The REAL WORLD......... | Peon... | Sep 18, 2008, 3:46 pm |
| RE: The REAL WORLD......... | Joe Mama | Sep 18, 2008, 12:40 pm |
| The REAL WORLD......... | Mike | Sep 18, 2008, 10:57 am |
| RE: Who Is to Blame? - Amen | Peon Agent | Sep 18, 2008, 10:50 am |
| RE: RE: RE: The REAL WORLD......... | Peon Agent | Sep 18, 2008, 10:47 am |
| Who Is to Blame? | FOWIF | Sep 18, 2008, 9:39 am |
| RE: RE: RE: The REAL WORLD......... | Joe Mama | Sep 18, 2008, 8:25 am |
| RE: RE: The REAL WORLD......... | Mike | Sep 18, 2008, 8:09 am |
| RE: The REAL WORLD......... | Joe Mama | Sep 18, 2008, 8:00 am |
| The REAL WORLD......... | Mike | Sep 18, 2008, 7:46 am |
| RE: Let's get real - - -OK | Free Market | Sep 17, 2008, 7:55 pm |
| RE: RE: Let's get real - - -OK | Peon Agent - Again | Sep 17, 2008, 6:44 pm |
| RE: RE: Let's get real - - -OK | Peon Agent - Smiling | Sep 17, 2008, 6:42 pm |
| RE: Let's get optimistic | Peon Agent | Sep 17, 2008, 6:27 pm |
| RE: It's a 24 month loan... | Peon Agent | Sep 17, 2008, 6:21 pm |
| RE: QBE & IAG | Cincy Agent | Sep 17, 2008, 5:34 pm |
| Fed Gov't and Forced Regulation... | Vlad | Sep 17, 2008, 5:11 pm |
| RE: RE: Let's get real - - -OK | Pirlk Pigler | Sep 17, 2008, 4:57 pm |
| RE: Let's get real - - -OK | Pirk Pigler | Sep 17, 2008, 4:54 pm |
| RE: Let's get real - - -OK | DDD | Sep 17, 2008, 4:41 pm |
| RE: Let's get real - - -OK | Pirk Pigler | Sep 17, 2008, 4:29 pm |
| Let's get real - - -OK | Mike | Sep 17, 2008, 3:58 pm |
| RE: RE: RE: Let's get real | Peon Agent | Sep 17, 2008, 3:34 pm |
| Mongoose Reply | RayGunZap | Sep 17, 2008, 3:14 pm |
| RE: Senseless Rants | Joe Mama | Sep 17, 2008, 3:02 pm |
| Look on the bright side | case | Sep 17, 2008, 2:53 pm |
| RE: Senseless Rants | susp | Sep 17, 2008, 2:48 pm |
| Senseless Rants | Pirk Pigler | Sep 17, 2008, 2:32 pm |
| RE: RE: Republicans beginning to see the light | Liberal | Sep 17, 2008, 2:19 pm |
| Illuminati Plan...... | ..... | Sep 17, 2008, 1:54 pm |
| QBE & IAG | Aussies are safe | Sep 17, 2008, 1:52 pm |
| BOD | Bang | Sep 17, 2008, 12:44 pm |
| RE: Let's get optimistic | Jones | Sep 17, 2008, 12:32 pm |
| Old AIG employee | Mongoose | Sep 17, 2008, 12:32 pm |
| Let's get optimistic | SFOInsuranceLady | Sep 17, 2008, 12:25 pm |
| It's a 24 month loan... | Tom Harvey | Sep 17, 2008, 12:21 pm |
| RE: RE: RE: Let's get real | an old AIG employee | Sep 17, 2008, 12:14 pm |
| RE: RE: Blame Bush - Ok I will | glenn | Sep 17, 2008, 12:08 pm |
| RE: Who's out at AIG | Mongoose | Sep 17, 2008, 12:03 pm |
| Who's out at AIG | Curious | Sep 17, 2008, 12:00 pm |
| RE: RE: Let's get real | Mongoose | Sep 17, 2008, 11:53 am |
| RE: RE: Republicans beginning to see the light | Sanford Plumlee | Sep 17, 2008, 11:43 am |
| RE: Republicans beginning to see the light | Dwolf | Sep 17, 2008, 11:23 am |
| RE: Let's get real | Johnny O. | Sep 17, 2008, 11:22 am |
| Republicans beginning to see the light | No More Bush | Sep 17, 2008, 11:19 am |
| RE:Sorry this is so long but.... | Dwolf | Sep 17, 2008, 10:55 am |
| Blue Ribbon Commission | Disgusted American | Sep 17, 2008, 10:54 am |
| Ron Paul was right | case | Sep 17, 2008, 10:53 am |
| RE: Let's get real | Peon Agent | Sep 17, 2008, 10:49 am |
| an old quote | an old AIG employee | Sep 17, 2008, 10:49 am |
| Just A While Ago... | RayGunZap | Sep 17, 2008, 10:44 am |
| RE: RE: Just Remember | Gut45 | Sep 17, 2008, 10:43 am |
| RE: Just Remember | Olstallcleaner | Sep 17, 2008, 10:33 am |
| Bush's MBA | Scoobeedoobeedo | Sep 17, 2008, 10:26 am |
| I'm So Glad | Some Ol' Hick | Sep 17, 2008, 10:12 am |
| RE: RE: who profits | Joe Mama | Sep 17, 2008, 10:05 am |
| RE: RE: Blame Bush - Ok I will | Capitalist | Sep 17, 2008, 10:03 am |
| RE: Blame Bush - Ok I will | Mike | Sep 17, 2008, 9:50 am |
| RE: Blame Bush | cletus | Sep 17, 2008, 9:48 am |
| Blame Bush | FOWIF | Sep 17, 2008, 9:43 am |
| Suspend New Biz Writing | Katherine | Sep 17, 2008, 9:42 am |
| RE: RE: AIG Bailout | Capitalist | Sep 17, 2008, 9:35 am |
| RE: Who makes the decision? | The Answer Man | Sep 17, 2008, 9:19 am |
| RE: Who makes the decision? | Henry | Sep 17, 2008, 9:19 am |
| Who makes the decision? | Wants to know | Sep 17, 2008, 9:17 am |
| RE: who profits | Average Man on the Street | Sep 17, 2008, 9:07 am |
| RE: who profits | All Powerful Zeus | Sep 17, 2008, 8:58 am |
| RE: who profits | matt | Sep 17, 2008, 8:54 am |
| who profits | LG | Sep 17, 2008, 8:51 am |
| RE: B.S. is Right! | Jean | Sep 17, 2008, 8:09 am |
| RE: RE: Let's get real | Bob | Sep 17, 2008, 8:09 am |
| RE: Let's get real | Bob | Sep 17, 2008, 8:07 am |
| AIG- this is not a simple fender bender issue.. | VA | Sep 17, 2008, 7:50 am |
| Mongoose | Mark | Sep 17, 2008, 7:20 am |
| Still an "A" Rated carrier | David | Sep 17, 2008, 7:16 am |
| RE: Let's get real | an old AIG employee | Sep 17, 2008, 7:13 am |
| RE: RE: RE: B.S. is Right! | an old AIG Employee | Sep 17, 2008, 7:09 am |
| Greed wins the day....and again | general lee | Sep 17, 2008, 7:05 am |
| RE: RE: B.S. is Right! | Chuck | Sep 17, 2008, 6:56 am |
| RE: B.S. is Right! | an old AIG employee | Sep 17, 2008, 6:53 am |
| Let's get real | Mongoose | Sep 17, 2008, 6:51 am |
| Hank Greenberg looks like the Grinch | Jane Logan | Sep 17, 2008, 6:21 am |
| RE: AIG rescue. | Eddie | Sep 17, 2008, 5:14 am |
| B.S. is Right! | 2lanelover | Sep 17, 2008, 4:58 am |
| RE: Insurance makes or breaks the economy | Bob | Sep 17, 2008, 4:37 am |
| Insurance makes or breaks the economy | Jane | Sep 17, 2008, 4:29 am |
| This is such B.S. | Mark | Sep 17, 2008, 2:23 am |
| What about P&C Ops? | gabe | Sep 16, 2008, 8:48 pm |
| Wow. | Ed | Sep 16, 2008, 8:41 pm |
| Back to article | ||


Subject: RE: Let's get real
Isn't that nice that we have a few benevolent babysitters to watch over us? Golly Gee, thanks.
In case you didn't know it, that's how Socialism breeds. That's how dictators seize power. And, anyone that doesn't believe that our government is spinning out of control and heading for just such a scenario, simply must not have "put a little bit of thought" (yeah, I covered your "b") into what the real ramifications are for the American way of life.
Nobody ever said it was EASY to be FREE. But good men and women suffered tremendously and died so that we could be just that. Maybe you should pull your nose out of the balance sheets just once in a while and study a little history. Is this the best that your frat-boy education could allow?
As a side note, I do not believe that the government is intentionally heading towards Socialism, but I absolutely believe the Hank Greenberg's and George Soros' of the world ARE manipulating our increasingly ignorant elected officials that mainly have their eyes focused on winning thier next election. So easily misguided, and manipulated to the point when one of those bozo mega-business types can step in and "save" us from the "enormity of the situation", they happily accept thier "insight".
Our Treasury Department head, Henry Paulson, who was not elected, but appointed, is just that type. Look where he came from. The doofus that appointed him (who I am increasingly regretting my vote for him), has probably been beguiled by Paulson's ability to grasp the "enormity" of such a situation, and beguiled by his flowery words and "wisdom". But that snake is changing the American landscape for the worse, and the chickes are going to come home to roost eventually. We're just prining more money to give a facade of stability, and the longer that happens, the higher we keep climbing the paper ladder, the harder and more crushing the fall.
I would like to ask a question, Mr. Mongoose. Why is the government purchasing a stake in the business that has such enormous control over our entire society. This is more than a simple bailout. Does that give you even a little pause??? It doesn't concern you that a potential Big Brother has control of such a vital piece of our enormous economy?
One more question. The Reinsurance market is open, correct? Why is it automatically assumed that if AIG vacated their position, that nobody would be interested in competing (and even, breaking up into smaller more manageable pieces) for the business. Yes, most certainly, it would mean some increased prices. But, unless I'm so stupid that I can't figure out such enormity, the reason AIG is in financial trouble is because they didn't make enough money. Right?
Finally, let me offer this observation and prediction. If the Gov-mint contols the mortgage business and now the financial services business ...and, if they soon take over the healthcare industry, what is left before an individual, or small group of people will have such enormous control over everything that their power can NOT be stopped? That, folks, is where we are headed if somebody doesn't inject some common sence into the American Public and pressure is placed on our elected officials to get back to the business that's authorized in the Constitution, and nothing more.
I don't see that happening, though. We are increasingly becoming a people that feed at the public trough. Sheep, waiting for our slaughter for the feasts of the kings in charge of the "enormous".
I could go on and on. But, I have some non-enormous work for which to attend (spoken with my finest highbrow, snob voice and my pinky extended from the handle of my dainty tea cup, freshly filled from my Sterling Grande Baroque Tea Set, purchased from a quaint little shoppe - where the "e" in shoppe means we can handle the "enormity" of situations that the er...commonfolk cannot.
Good day, sir,