AIG Domestic Life Units Get $37.8 Billion Cash from Federal Reserve

October 8, 2008

  • October 8, 2008 at 7:27 am
    Terrye says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Don’t give AIG any more money they wasted millions on a party and now they want bailout. Give me a break, give me the money I could use it to take care of business. We are throughing good money after bad. Come on people get a clue.

  • October 9, 2008 at 7:20 am
    Suzi says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    THIS is F—ing ridiculous. On top of that I heard they are planning another party. I’m really,really worried about the state of things. I’m inches from pulling what I have let out of the stock market and converting to cash. NOT that it will be worth much soon. Maybe I should convert to Canadian $$$.

  • October 9, 2008 at 9:25 am
    greedy says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    WOW

  • October 9, 2008 at 10:17 am
    Colleen says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Where did you hear they are planning another party???

  • October 9, 2008 at 12:01 pm
    What?? says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I hope everyone here is kidding. Millions on a party? What? Where did you hear that? Does anyone actually read the news? Idiots.

  • October 9, 2008 at 12:17 pm
    Chris says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    they spent $440k on a retreat in Laguna for their best brokers and have a second one planned for Pebble Beach later this month. i heard it on NPR this morning.

  • October 9, 2008 at 12:33 pm
    greedy says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    WOW! the rumors are all true its time to party for AIG like things would ever change wait to the senate hearings. This is a wake up call to the whole industry

  • October 9, 2008 at 12:38 pm
    Bill says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    The Fed owns 80% of the largest insurance company in the World. Loans it money it prints. This situation fits very well with Obama’s vision of government. Welcome to your new federal health insurance company.

  • October 9, 2008 at 12:46 pm
    Bill says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Forget the stupid party, Thats ignorant and peanuts to what our government is doing to our free market economy. Be leary of those handing out money to enter the equities market, They will never leave once they enter. A public company cannot compete with the government because they can print money.

  • October 9, 2008 at 12:56 pm
    Henry Paulson says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Greetings to all you peons, I now control the economy! I alone will decide your economic fate! Resistance is futile! I will control where you work, where you live, how much you eat and every other part of your miserable lives! You are of use to me only to the extent that you will carry out the violence against others that I find necessary! So go ahead & vote this November-we all know that voting makes no difference whatsoever; it is only something that pacifies you peasants by making you think you have any control over us!

    I am the Almighty! I have absolute power!!

  • October 9, 2008 at 2:13 am
    Lame says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    You mullets have just enough information to make you dangerous…Because AIG negotiates a guido loan they cannot eat and drink…or is it the timing…is it ok in 6 months a year…should it be prison if they loan them money…maybe if they get arbor day and mlk off too…does this mean all AIG employees get to be driftwood now?

  • October 9, 2008 at 2:31 am
    Guess says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Yes, AIG held an Agents retreat and yes cancellation charges on rooms, food, etc. is what it is. It was REALLY Bad Timing but what the heck is $440K in comparison to what the Feds (us taxpayers have already “lent” them? And have spent $1BB per day for the last 14 days?! Pretty simple math as to how long it’ll take for them to go through OUR $$$!! Now we’re giving them more? If there’s someone out there who doesn’t realize AIG IS CIRCLING THE DRAIN, get a freakin clue! Some of the individual ins cos they have may be too big for anyone to swallow in one bite, so they’ll take nibbles, til its all gone.

  • October 9, 2008 at 2:36 am
    KLATU BARATA NIKTO says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    As someone once said when he was told that the “federal government” must bail them out because they’re “too big to fail:” “tell ’em to get smaller.”

  • October 9, 2008 at 2:38 am
    Dread says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    There are very few of us around who recall “The Day The Earth Stood Still”, the movie, not the debacle on Wall Street.

  • October 9, 2008 at 3:08 am
    Behind Bars says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Now all you guys & gals just waint one cotton pickin moment. I did print money just like the gov’t does. Unfortunetly they got upset that mine was better than theirs and now I’m stuck behind these bars printing for them.

    Whoda thunk.

  • October 9, 2008 at 3:54 am
    RReggie says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Well, I’m glad the Fed bailed out those bastards… we all know DUB-YA and his partners in crime are going to spend unwisely so why not spend it here?

    What a waste! What will we give the illegals (I’m talking about the Mexicans) and the “other” entitlement inhabitants’ of New Orleans?

    I want my money too! Give me! I have credit card bills.. give me money DUB-YA!

  • October 9, 2008 at 5:33 am
    Calif Ex Pat says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Oh yes, very few of us recall this 1951 Sci-fi amateur theatrical – it was no less a luminary than the late Michael Renee, who uttered this famous command to his sidekick robot, Gort – for all the good it did because he (Renee) then took off in his flying saucer leaving us world-lings to twist in the wind – sort of like what is about to happen in our financial world

  • October 9, 2008 at 6:06 am
    sandman says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    The “party” was a bonus trip for their top 100 producers. Those of you in the insurance field know that this is a carrot that companies hold in front of us. It is actually part of most contracts and I know if I was an agent that earned the trip, I would be ticked if they didn’t deliver. My little trip is not going to break the bank.

  • October 9, 2008 at 6:53 am
    Yank Blueberg says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Amazing. AIG gets a bailout…umm loan to help put them back together again and they have audacity to stage a party. Oh sorry, meeting. Cant blame them for taking advantage the Fed will gave anybody money except you and I. The Fed has become tantamount to the Boards, CEO f’s up and they already have prearranged exit package. Its up to John & Jane Q Public. Write your senator, congressman, etc. Moan to them all, threaten votes etc. They know no one is happy but stuff is still happening. It needs to get big and bad enough to cut the head of the Hydra monster that is the Fed/Treasury free money. Since when does Paulson & Bernanke run the gov’t? REMEMBER PEOPLE, THIS IS NOT ABOUT POLITICAL PARTY, ITS YOUR MONEY.

  • October 10, 2008 at 11:28 am
    Ratemaker says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Actually, this one isn’t going to cost the taxpayers a dime. This is a commercial paper transaction with one of AIG’s very sound subsidiaries borrowing money. It will be repaid within 9 months at a moderate interest rate. The Fed is going to make a profit on this transaction.

    The only thing notable about it is that the Fed is the buyer and the seller has AIG in its name.



Add a Comment

Your email address will not be published. Required fields are marked *

*