AIG Reworks Bailout; Fed Ups Support to $150B, Lowers Interest Rate
National News • November 9, 2008
The U.S. government dramatically boosted its bailout of insurer American International Group Inc. and eased the terms of its loans to the company on Monday after an initial rescue plan failed to ...
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Subject: Gov can't run AIG.
Posted On: November 10, 2008, 12:44 pm CST
Posted By: Bill
Comment:
Quote of the day from a fund manager: 'This is worse than a divorce... I've lost half of my net worth and I still have my wife.'
The bailout, a different perspective: Back in 1990, the US Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wit, numb nuts who couldn't make money running a wh**re house and selling booze!
Subject: Gov can't run AIG.
The bailout, a different perspective: Back in 1990, the US Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wit, numb nuts who couldn't make money running a wh**re house and selling booze!