Democratic, Republican Senate Banking Leaders Cool to AIG Loan

September 16, 2008

  • September 16, 2008 at 5:21 am
    Cincy Agent says:
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    CINCINNATI (AP) — Property and casualty insurer Cincinnati Financial Corp. said Tuesday its 2008 results will be hurt by investments in troubled financial institutions Lehman Brothers, Fannie Mae, Freddie Mac and AIG.

  • September 17, 2008 at 11:29 am
    InsuranceGuru says:
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    Are you kidding me…these guys were elected to Congress and have no clue of what an devastating impact this would have on GLOBAL economy not just US or NY….AIG has 75 million policyholders…they range in every aspect of life from Dr’s, hospitals, taxi’s, large construction companies, oil and gas….do you realize that without MedMal professional liability that AIG is one of the largest carrier’s of…the cities ambulances would stop running, there would be no Dr’s to operate within the hospitals….this is not a question of politics or money…it’s about LIFE AS WE KNOW IT IN THE US…somebody take theses idiots out of Congress and let them go dig ditches they would quite possibly understand the mechanics of running a shovel better than making decisions about our economy and well being in the US….

  • September 17, 2008 at 2:56 am
    The Voice of Wisdom says:
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    InsuranceGuru,

    Er, that’s called “risk.” Anytime you go into business, you take it on. The world will NOT end if AIG falls. Someone else will come in to insure these ventures but hopefully not with our money taken from us at the barrel of a gun.

  • September 17, 2008 at 3:09 am
    Brokette says:
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    I’m with you, Wisdom. Let’s keep the welfare where it belongs–supporting illegal aliens and pregnant crack-addicted street people.

  • September 17, 2008 at 5:39 am
    Wakeup says:
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    Why should the government bail out businesses? It’s good for the economy? So Guru, what you’re saying is we will all parish or go broke? I don’t think so. Our government is for what the constitution says and for what the original people wanted. Protecting our borders, infrastructure, such as roads, sewer, water, emergency vehicles and social security. If it’s outside of those things I think the people should vote on it. Where are the CEO’s helping our national debt when their company’s are making money hand over fist? No where to be found as they are making millions and loving it. But as soon as the screw it up, then they ask the government to be there for them. If the government would just stay out of it all, board of directors would have to start doing a better job on picking their CEO’s, because wants the business is gone, it’s gone.



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