Welcome to PatsFans.com

Now we're bailing out AIG!!!

Discussion in 'Political Discussion' started by Run DMC, Sep 16, 2008.

  1. Run DMC

    Run DMC Rookie

    Joined:
    Dec 19, 2007
    Messages:
    2,503
    Likes Received:
    2
    Ratings:
    +3 / 0 / -0

    #24 Jersey

  2. Holy Diver

    Holy Diver Rookie

    Joined:
    Sep 13, 2004
    Messages:
    10,831
    Likes Received:
    15
    Ratings:
    +20 / 0 / -0

    #80 Jersey

    I just read that as well.....

    All of you 'americans' who piZZ and moan about what you call "Socialized medicine" ... and then claim that bailouts like this need to happen to save our economy are the worst kind of humans.....

    we can't give everyone access to quality healthcare, but when suits bankrupt a bank...we give them BILLIONS!!!!!



    The fix is in people, and they are playing the bull$h!t Olympics with your duckets.




    also of note, Lehman DOESN'T get a bailout somehow?....they must've not sucked the right .....you know what.
  3. Run DMC

    Run DMC Rookie

    Joined:
    Dec 19, 2007
    Messages:
    2,503
    Likes Received:
    2
    Ratings:
    +3 / 0 / -0

    #24 Jersey

    Yeah, good question, why bail out Bear but not Lehman? We will never know the truth on that one.
  4. cupofjoe1962

    cupofjoe1962 Rookie

    Joined:
    Feb 4, 2008
    Messages:
    2,587
    Likes Received:
    24
    Ratings:
    +47 / 13 / -9

    I will let you in on a little secret !

    If the democrats would make their mortgage payments, this would be a
    non-issue.

    Only 4% of the Mortgages have caused this problem.

    The othe 96% of the mortgages are being paid ontime.

    Clinton & the Democrats passed a bill that would penaltize banks if they
    did not give loans to low income applicants.

    I would love to know how many of the 4% are Democrats.
    My guess 99%.
    Last edited: Sep 16, 2008
  5. ljuneau

    ljuneau Rookie

    Joined:
    Sep 1, 2007
    Messages:
    1,286
    Likes Received:
    3
    Ratings:
    +3 / 0 / -0

    I blame both parties for this freegin mess. No one party is at fault, both parties are at fault. Our whole government is out of control.
  6. Run DMC

    Run DMC Rookie

    Joined:
    Dec 19, 2007
    Messages:
    2,503
    Likes Received:
    2
    Ratings:
    +3 / 0 / -0

    #24 Jersey


    Right on brother. I've been saying there is no difference between any of them except the degree of stealing is a tad bit more pronounced under the repubs.
  7. ljuneau

    ljuneau Rookie

    Joined:
    Sep 1, 2007
    Messages:
    1,286
    Likes Received:
    3
    Ratings:
    +3 / 0 / -0

    Have any of you heard of Peter Scheiff? He predicted this mess back in 1996. Here is a list of his articles.

    Many economists and others thought he was a whack job. But reading his archived articles, looks like he was dead on. He now claims the worst is not yet over.

    Next step back for the economy, foreign markets selling their dollars, high inflation, and a big drop in the value of the dollar. The worst is yet to come.
  8. cupofjoe1962

    cupofjoe1962 Rookie

    Joined:
    Feb 4, 2008
    Messages:
    2,587
    Likes Received:
    24
    Ratings:
    +47 / 13 / -9

  9. ljuneau

    ljuneau Rookie

    Joined:
    Sep 1, 2007
    Messages:
    1,286
    Likes Received:
    3
    Ratings:
    +3 / 0 / -0

    I have to disagree with your last part. Freddie and Fannie have for the past few years been sending lots of money to the left side of the aisle. Guess who received the second largest sum of cash? B. Obama. The left has been turning a blind eye to F&F's dealings, even when people have been warning of big problems.

    No matter, corruption is rampant with both parties. Our government is now one big financial black hole.
  10. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,522
    Likes Received:
    174
    Ratings:
    +404 / 10 / -11

    #24 Jersey

    This isn't about bailing out AIG it's about keeping the banking and monetary system going. Comparing this to socialized healthcare is weird.
  11. MrBigglesWorth

    MrBigglesWorth Rookie

    Joined:
    Apr 28, 2006
    Messages:
    8,338
    Likes Received:
    16
    Ratings:
    +16 / 0 / -0

    It's about fake wealth. And fake wealth is only as valuable as the people's belief in it. what happens when people stop believing in the dollar???

    I agree on the above posters sentiment of both parties fault.

    This country is heading for a revolution. I just hope I don't see it in my lifetime.

    At what point does the government stop bailing institutions out? or does it keep going so the government owns them or the FED?


    but rather who owns who? does the goverment own the companies and investors or do the investors own the government?
  12. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,522
    Likes Received:
    174
    Ratings:
    +404 / 10 / -11

    #24 Jersey

    I'm not into bailouts. But I'm not into the monetary system, internationally, possibly freezing up which could have happened TOMORROW without this. Obviously this entire mess needs to be looked at in hindsight to prevent it from happening again but this wasn't a time for theoretical discussion is was time for pragmatism and action.
  13. MrBigglesWorth

    MrBigglesWorth Rookie

    Joined:
    Apr 28, 2006
    Messages:
    8,338
    Likes Received:
    16
    Ratings:
    +16 / 0 / -0

    let's say the international system froze.... what is your belief would happen?
  14. Run DMC

    Run DMC Rookie

    Joined:
    Dec 19, 2007
    Messages:
    2,503
    Likes Received:
    2
    Ratings:
    +3 / 0 / -0

    #24 Jersey

  15. otis p. driftwood

    otis p. driftwood Rookie

    Joined:
    Feb 4, 2008
    Messages:
    5,271
    Likes Received:
    4
    Ratings:
    +4 / 0 / -0

    Surely you're not serious? AIG has massive insurance exposure in the entire world, from China to Europe to Britain to the US. If that were to collapse, a large segment of the world banking system and monetary supply would just grind to a halt. There'd be millions of people who'd lose everything, millions who'd lose jobs....

    And how can you guys say a loan based on the Fed taking over 79.9% of the company as collateral is a bail-out? This is one of the things the Fed was created to do.

    Don't they teach basic economics anymore, or have we become so polarized and so reliant on the main stream media for a 30 second sound bite that we can't even think rationally any longer?
  16. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    41,334
    Likes Received:
    132
    Ratings:
    +245 / 9 / -26

    Who the F.. is going to pay for all this stuff.. no one wants tax increases, however this country just keeps on spending.. next it will be ford, GM or Chrysler.. it just keeps going on and on..

    I know Clinton did it...
  17. Run DMC

    Run DMC Rookie

    Joined:
    Dec 19, 2007
    Messages:
    2,503
    Likes Received:
    2
    Ratings:
    +3 / 0 / -0

    #24 Jersey

    Why are we paying $80 billion for a company worth $2 billion? Probably with all of it's toxic debt obligations, it is worth $0? Is that good business?! Sounds like communism.
  18. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,522
    Likes Received:
    174
    Ratings:
    +404 / 10 / -11

    #24 Jersey

    Exactly, it's a loan not a bailout and AIG isn't a total loss of a corporation, it has lots of great assets. This is unlikely to be a net loss for the taxpayers and if it is it'll be a whole lot less than $80B. This was not a payment to them.
  19. MrBigglesWorth

    MrBigglesWorth Rookie

    Joined:
    Apr 28, 2006
    Messages:
    8,338
    Likes Received:
    16
    Ratings:
    +16 / 0 / -0

  20. Run DMC

    Run DMC Rookie

    Joined:
    Dec 19, 2007
    Messages:
    2,503
    Likes Received:
    2
    Ratings:
    +3 / 0 / -0

    #24 Jersey

    Last edited: Sep 16, 2008

Share This Page

unset ($sidebar_block_show); ?>