AIG gets 85 BILLION Dollar Bailout by Gov't.

The government need to stop trying to save everything.
 
That is a lot man. Hope it doesn't force us taxpayers to pay more in the future.
 
Just saw it on the news...they are saying because of this, some things we are used to getting for free may not be free anymore. *sighs* No details were given to clarify this statement but it is already making me a little more stressed. How much more beating our banks can we take before we are all seriously broke?
 
I KNOW! EVERYTHING's melting down. What next? are we going to be in a giant Great Depression?
 
Yeah, it's very absurd and unfair to the American taxpayers that is you and I!

Those greedy companies care none for the USA but themselves using tax money to rescue themselves out of their mega sinking holes.

I agree with you, Banjo that our government ought to stop. We are already too deep with the national debts!

Shame 'em big time! :mad:
 
AIG need go out of business, end of story!!! :roll:

Government SHOULD be not involve with big companies, they need fix on their own, that's part of life.
 
Here we go again:

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Apparently FDIC regulation that Government set is causing the problem. Everyone is insured up to $100,000 under FDIC.

AIG is a bank using FDIC insurance, then government need to take over to clean up as return money to all customers. MAX $100,000 per client if they had that much.

I heard one deaf club in Nevada had invested $280,000 in local bank for higher interest rate, but it shut down bank. So they only got $100,000 out of what they left in bank. OUCH.

I do wish Government do not take over companies... Unless they break up the company and sell each section to other private company such as Bank of America or any investors can afford it.
 
Trillions of dollars involved here and it has been going on for a suspiciously long time. Are our banks going to be nationalized? Phooey.
 
Deaf Mortgage said:
I heard one deaf club in Nevada had invested $280,000 in local bank for higher interest rate, but it shut down bank. So they only got $100,000 out of what they left in bank. OUCH.
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:hmm: Thanks for bringing that up. That means.... if I ever get more than $100,000... I should spread it around to different banks!
 
Let them fallllllllllllllll.......

Having the government stepping in to bail out everybody will only prolong the pain. Banks, mortgage firms, insurance firms, corporations and many more will be falling within a year.

Quite a lot already did in the last few months and more will follow.

It's going to get worse before it will get better. The key is to stop letting the government interfering with it.
 
Banjo said:
Let them fallllllllllllllll.......

Having the government stepping in to bail out everybody will only prolong the pain. Banks, mortgage firms, insurance firms, corporations and many more will be falling within a year.

Quite a lot already did in the last few months and more will follow.

It's going to get worse before it will get better. The key is to stop letting the government interfering with it.
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sometimes intervention is necessary to prevent the country from going into another Great Depression. If Fannie, Freddie, AIG, and the Big 3 fall..... I don't want to even think about the consequence :-o
 
Banjo said:
Let them fallllllllllllllll.......

Having the government stepping in to bail out everybody will only prolong the pain. Banks, mortgage firms, insurance firms, corporations and many more will be falling within a year.

Quite a lot already did in the last few months and more will follow.

It's going to get worse before it will get better. The key is to stop letting the government interfering with it.
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Golly gee, Banjo, what happened to you? Of course the gummint planned all dis, lol.
 
Jiro said:
sometimes intervention is necessary to prevent the country from going into another Great Depression. If Fannie, Freddie, AIG, and the Big 3 fall..... I don't want to even think about the consequence :-o
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You can keep patching a quilt, but it's not going to stop it from falling apart. So therefore, you have to keep patching and it'll end up looking ugly.

That's the big picture I'm seeing here.

The government has to stop bailing everybody out because it's not going to make it any better.
 
Banjo said:
You can keep patching a quilt, but it's not going to stop it from falling apart. So therefore, you have to keep patching and it'll end up looking ugly.

That's the big picture I'm seeing here.

The government has to stop bailing everybody out because it's not going to make it any better.
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maybe. maybe not. btw - good analogy with quilt. but.... which one is preferable? let them fall now thus get us into another great depression or.... keep patching it up and hope for best that next administration will fix the mess? :hmm:
 
Jiro said:
maybe. maybe not. btw - good analogy with quilt. but.... which one is preferable? let them fall now thus get us into another great depression or.... keep patching it up and hope for best that next administration will fix the mess? :hmm:
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It's not easy, I know. It's like swallowing a brick. The worst has yet to come, I think it's inevitable. Not only that, Dow plunged big time recently. I believe the worst in more than 7 years. Today, it already has plunged more than 300 points alone and it's barely 1 o'clock! This is not good news... at all.

I shudder to think what will be in the store for us in the next few months.
 
Banjo said:
It's not easy, I know. It's like swallowing a brick. The worst has yet to come, I think it's inevitable. Not only that, Dow plunged big time recently. I believe the worst in more than 7 years. Today, it already has plunged more than 300 points alone and it's barely 1 o'clock! This is not good news... at all.

I shudder to think what will be in the store for us in the next few months.
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I guess it's time we stock up gas, food, and money, eh? oh also buy a gun :cool2:
 
Jiro said:
:hmm: Thanks for bringing that up. That means.... if I ever get more than $100,000... I should spread it around to different banks!
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A little off topic here: If someone has over 100K, isn't it possible to just establish a second account at the same bank?
 
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