danc Posted September 17, 2008 Report Posted September 17, 2008 From CNN.. "The Federal Reserve says it is taking over crumbling insurance giant AIG in an $85 billion rescue plan."
tjsa Posted September 17, 2008 Report Posted September 17, 2008 Sure, I just sent them my cheque for my quad and snowmobile, :lol: :lol: :lol:
danc Posted September 17, 2008 Author Report Posted September 17, 2008 You'll still be covered Tom. That's not the problem. Just continue watching your pension money disappear into thin air tomorrow...
Casey123 Posted September 17, 2008 Report Posted September 17, 2008 I could use an extra $85 Billion.
lookinforwalleye Posted September 17, 2008 Report Posted September 17, 2008 Must be nice to be able print up a few billion, it will catch up with them eventually.
tjsa Posted September 17, 2008 Report Posted September 17, 2008 You'll still be covered Tom. That's not the problem. Just continue watching your pension money disappear into thin air tomorrow... Yeah, I know I am still covered. Fortunately they are not my pension provider.
danc Posted September 17, 2008 Author Report Posted September 17, 2008 Yeah, I know I am still covered. Fortunately they are not my pension provider. Yikes Tom. Do some reading my friend. We are all at risk here. The AIG takeover is just the latest threat.
bucktail Posted September 17, 2008 Report Posted September 17, 2008 Dan is right. Better to bite the bullet now then erode this system and have your kids pay for it. Peoplle have to live within there means, businesses to. Hey I am worst offender of that but this is a reminder!
Wild Posted September 17, 2008 Report Posted September 17, 2008 Short term pain long term gain? Sorry guys but the USA is BROKE but seriously guys... http://www.brillig.com/debt_clock/
OhioFisherman Posted September 17, 2008 Report Posted September 17, 2008 Parker Bros. announces it will sell it`s monopoly games with real US money, debt is making the dollar worth about the same as the play money. If you spend? sooner or late you have to pay? LMAO, the finest financial minds in the world? Just ask them!
TennesseeGuy Posted September 17, 2008 Report Posted September 17, 2008 AIG has over 1 trillion in assets. AIG pays aproximately $82 million in claims each day. Our federal government will receive a 79.9 percent equity interest in AIG. That scares me the most. Look how our government handled Fannie and Freddie the past 2 + decades. Hopefully Warren Buffet will see this as a buying opportunity and seek control. He could make it work. Eliot Spitzer chased off Maurice "Hank" Greenberg in charges about nothing. Hank had probably the best chance of anybody to keep AIG above water. He offered his help again and was turned away.
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