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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: Fed Gov't and Forced Regulation...
Freddie, fannie, VHA, and FHA have caused this problem.
Prior to their existence, the formula for obtaining a mortgage was pretty simple. 20% down and no more than 25% of your gross income to go towards principal and interest. No Gov't involvement was necessary as this formula proved to the banking industry to be a sound basis of underwriting.
Lets fast forward to today. No money down, no verification of income, no payments of principal and an adjustable rate to fit your "monthly" budget. Now why would an industry stray from sound underwriting? Mr. Banker, don't worry about that part, we at the Federal Gov't will secure those loans. So a quasi gov't agency like freddy and fannie, went from the lender of last resort, to the dominant lender in the market with 50% of the loans.
Why? Because home ownership became a right. But I can't live in that little 1,200 sqft bungalow, I need 3,200, and just because I only make 50,000 a year doesn't mean you can deny me my rights to the home I want.
Folks, the bill is now due... it just arrived a few years before anyone expected.