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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: RE: Let's get real

Posted On: September 17, 2008, 10:49 am CDT
Posted By: Peon Agent
Comment:
Mongoose ...I may be a peon agent, but I am an agency owner, and more importantly, I am an individual that believes in the American Dream and way of life. Far too many folks have been brainwashed to believe that there are some things that are "too big" for the little people to overcome.

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,
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
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