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AIG Outlines Revised Bailout Plan

National News • November 10, 2008
American International Group, Inc. (AIG) today announced agreements with the U.S. Treasury and the Federal Reserve to establish a durable capital structure for AIG, and facilities designed to ...

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Subject: And the winner is??

Posted On: November 10, 2008, 4:16 pm CST
Posted By: Jeff
Comment:
Why wasn't patience shown to Lehman Brothers? Why shouldn't they have been saved? AIG should have been allowed to file chapter 11 and the fed's responsibility should have been to closely manage that process. Instead there is a $150B life-line with absolutely no clear plan in place to repay it. Guarantee they come back for more $ within the next 6 months.

Who wins in the long run? The same party who is controlling the strings - - Goldman Sachs. They control Paulson, he allows Lehman to go under (Goldman is thrilled), they save AIG (who is insuring much of Goldman's exposures). Sounds like a win for them.
Subject Posted By Posted On
complaints with state insurance departments
Nov 10, 2008, 8:03 pm
RE: And the winner is?? dum dum
Nov 10, 2008, 4:44 pm
RE: RE-REVISED BAILOUT PLAN ER
Nov 10, 2008, 4:19 pm
And the winner is?? Jeff
Nov 10, 2008, 4:16 pm
RE: RE: greenberg dum dum
Nov 10, 2008, 3:00 pm
A Joke Right? Fast Eddie Felson
Nov 10, 2008, 2:41 pm
RE: greenberg Bill
Nov 10, 2008, 2:08 pm
RE-REVISED BAILOUT PLAN Ralph
Nov 10, 2008, 1:18 pm
greenberg matt
Nov 10, 2008, 8:26 am
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