Originally posted by spookjr
I have a few questions for members that are probably more knowledgeable than I.
1. Who decides who and when and how much to bail out a company?
2. How is it that such a huge monetary movement,paid for with taxpayer dollars, is not put to a vote by the American people? I for one dont give a rats butt about AIG, and I certainly would not choose to pay for its mistakes.
3. If this country is already operating at a huge deficit, where is the money going to come from?
4.What would be the ultimate result of not bailing them out?
5. Why would our government give 85 billion to a private company?
6. Is that a loan?, And if so what are the terms?
7. Does this mean that the Federal Government owns AIG,Fanny Mae, and Freddy Mack now?
Seems completely unfair and unethical to help out the super-rich,while the rest of the country wallows in poverty.

Originally posted by Anonymous ATS
We all know now that that the federal reserve is a farce. Now that the reserve controls 80% of AIG, they now will have a controlling interest in that particular market. Just another step in the eventual control of the money systems worldwide.

Originally posted by mybigunit
Im not making it out like they will have full control. Im making it out like they are bailing out a company that shouldnt be bailed out.

Once again a bailout is a bailout where is all the small businesses here in the nation and their bailouts? They dont get one.

Question if the government makes money on these deals are they going to send the taxpayer a check for putting their money up to bailout AIG or any of these other conglomerates?

The idea of the government assuming more liabilities from mismanaged financial outfits, whether secured or not, is not a comforting thought and yes it does put the FED in control of a private company.

September 18, 2008 -- AIG is "special case"

The U.S. government's bail out of insurance giant American International Group (AIG) comes as no surprise to intelligence community insiders. In fact, AIG has been at the center of a number of CIA operations for decades. The federal government's $85 billion "bridge" loan to AIG essentially makes the United States government an 80 percent stakeholder in AIG, a move that will prevent external players from peering into AIG's myriad intelligence operations on behalf of the CIA, according to an insider who has followed AIG's overseas operations for a number of years.

As Attorney General of New York state and as Governor, Eliot Spitzer made AIG a prime target for his investigations. That ended when Spitzer was brought down in a sex scandal involving a prostitution ring.

AIG's chairman, before he was forced to resign amid scandal, was Maurice "Hank" Greenberg. In 1962, Greenberg was hired by AIG's founder, Cornelius Vander Starr, the uncle of President Bill Clinton prosecutor Kenneth Starr, as the chief of AIG's North American operations. Greenberg eventually took over as AIG's chairman, as well as assuming the Chairmanship and CEO position of Starr's other firm, C. V. Starr and Company. Greenberg retained control of C. V. Starr and Company after having stepped down as AIG's chairman in 2005.

Greenberg, a close friend of Henry Kissinger, was considered a potential CIA director in 1995 after James Woolsey resigned. Perhaps it was Greenberg's past connections to Whitewater Independent Counsel Starr's uncle Cornelius that dissuaded Clinton from giving Greenberg the keys to Langley's top executive washroom.

However, Greenberg and AIG had a long association with the CIA, according to WMR's sources. AIG's intelligence operations in Asia even pre-date the CIA and its predecessor, the wartime Office of Strategic Services (OSS).i Greenberg has served as a member of the National Intelligence Council.

Cornelius V. Starr started AIG as "American Asiatic Underwriters" in 1919 in Shanghai. Starr moved AIG from Shanghai to New York after the Communists came to power in 1949. Ironically, AIG is back in China through its ownership of People's Insurance Company of China. AIG also owns AIG Korea Insurance.

Ever since the days of Ken Starr's uncle Cornelius, AIG has, on behalf of U.S. intelligence, kept tabs on rising players on the Asia political scene, particularly in China, Japan, Korea, Singapore, Hong Kong, Taiwan, and other countries. The quid pro quo for AIG is that it has weathered the storms generated by Spitzer and the global financial melt down from the strong support from the U.S. government in return for permitting the mining of data from AIG's insurance files by the CIA.

Greenberg has maintained close relations with the Beijing leadership over the years. However, his dealings with the CIA are also well known to the Chinese intelligence services. In fact, Chinese intelligence is aware that Greenberg has allowed AIG to be used as a major "placement" operation for a number of the CIA's Asia-based non-official cover (NOC) officers.

The CIA's analysts who concentrate on Asia have also enjoyed routine access to a huge AIG database maintained in San Francisco. AIG's new building in Hong Kong was intended to be a major outpost for CIA agents assigned the China "beat." However, Chinese intelligence succeeded in thoroughly wiring the building with surveillance systems and AIG's China operations were blown. Chinese intelligence could not believe how sloppy Greenberg and the CIA were in handling the Hong Kong operation.
With the U.S. government now in control of AIG, the Bush family will breathe particularly easier.

On June 20, 2005, WMR reported the following concerning the connection between Greenberg and the Bushes:

"The investigations of the secret Bush money tranches are coming to the fore as New York Attorney General Eliot Spitzer focuses in on the scandal involving Maurice "Hank" Greenberg and the inflation of the worth of American International Group (AIG) through shady affiliates, including AIG reinsurer Coral Re of Barbados. Greenberg was the CEO of AIG but was forced to step down amid the Spitzer probe. AIG was founded from Asia Life/CV Starr, a Shanghai-based international import/export and insurance firm founded in 1919 by Cornelius V. Starr, an Office of Strategic Services (OSS) operative in Southeast Asia during World War II. AIG's largest shareholder is Starr International Company (SICO), an off-shore corporation incorporated  in Panama with headquarters in Bermuda. Kenneth Starr, the independent counsel who prosecuted President Clinton, is the nephew of Cornelius Starr. Greenberg inherited the CEO job and Chairmanship from Starr as well as the $3.5 billion Starr Foundation."

Originally posted by mybigunit
Ok so the small businesses cannot bring this country to its knees. I mean really? Have you seen your signature? I gave you credit for understanding business now Im starting to wonder and that is not an insult. The fact is small businesses employ most of the employees in this country. That is a fact. People start losing jobs in mass because of the collapse of the small businesses trust me the world WILL feel it because the world relies on our consumption. Sigh and you can reiterate all you want on the bailout. Its a bailout get over it.