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Old 10-08-2008, 05:07 PM   #1
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Default AIG hits up Fed for more money

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AIG hits up Fed for more money - Oct. 8, 2008

NEW YORK (CNNMoney.com) -- The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-needed cash.

In exchange, AIG is giving the New York Fed investment-grade, fixed-income securities that it had previously lent out to other institutions for a fee. Those institutions are now returning these securities and want their money back.

The new program, announced Wednesday, is on top of the $85 billion the federal government agreed to lend to AIG last month to prevent the global company from collapsing. AIG said last Friday it had drawn down $61 billion.
Anyone else find this appalling? they go on a $400,000 plus spending spree and they want more money.

And to think out 401k's have gone in the negative.
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Old 10-08-2008, 05:11 PM   #2
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Default Re: AIG hits up Fed for more money

AIG (All Individuals are Greedy)

The BALLZ on these people must be GINORMOUS!
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Old 10-08-2008, 05:55 PM   #3
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Default Re: AIG hits up Fed for more money

Why not? It worked the first time. Money (we don't have) for everyone!!!! YAY!!!!!
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Old 10-08-2008, 06:24 PM   #4
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Default Re: AIG hits up Fed for more money

Somehow they still have money to sponsor an effin soccer team

AIG Soccer Team, Wachovia Arena Among Sponsorships with Identity Crisis

What the FUCK!
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Old 10-09-2008, 08:15 AM   #5
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Default AIG Gets Additional $37.8 Billion Fed Loan

That should pay for plenty more hotels, meals and spa trips for the execs!


Ahead of the Bell: AIG gets another loan from Fed - Forbes.com
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Old 10-09-2008, 08:30 AM   #6
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Default Re: AIG Gets Additional $37.8 Billion Fed Loan

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Originally Posted by weswelker#83 View Post
That should pay for plenty more hotels, meals and spa trips for the execs!


Ahead of the Bell: AIG gets another loan from Fed - Forbes.com
Next July 4th, we can all celebrate the first anneversary of

THE UNITED STATES OF AMERICA, INC.

My question is why would any young man or woman join our armed forces when they are representing a company and not a country?
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Old 10-09-2008, 09:09 AM   #7
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Default Re: AIG Gets Additional $37.8 Billion Fed Loan

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Next July 4th, we can all celebrate the first anneversary of

THE UNITED STATES OF AMERICA, INC.

My question is why would any young man or woman join our armed forces when they are representing a company and not a country?

Why pay taxes when companies avoid legally United States taxes by acquiring a Bermuda address?
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Old 10-09-2008, 09:14 AM   #8
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Default Re: AIG Gets Additional $37.8 Billion Fed Loan

This is why the bailout's structure is gross. They needed to be extremely restrictive on how money was spent. They weren't. We need to start voting in 3rd parties.
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Old 10-09-2008, 09:24 AM   #9
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Default Re: AIG Gets Additional $37.8 Billion Fed Loan

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This is why the bailout's structure is gross. They needed to be extremely restrictive on how money was spent. They weren't. We need to start voting in 3rd parties.
I think you're right. Woudn't it be great to send Washington some SHOCK & AWE of our own via the ballot box? Imagine the look on their faces as hundreds of them are replaced!
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Old 10-09-2008, 09:34 AM   #10
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Default Re: AIG Gets Additional $37.8 Billion Fed Loan

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I think you're right. Woudn't it be great to send Washington some SHOCK & AWE of our own via the ballot box? Imagine the look on their faces as hundreds of them are replaced!
It won't happen though. How many people aren't voting for their joe? Very few.
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