Billions More For AIG

Billions More For AIG

www.forbes.com

Add American International Group to the list of U.S. companies returning to the government in need of aid.

The struggling insurance company is expected to get another $30 billion in federal assistance and will split itself apart as it prepares to report what could be a record $60 billion in losses for the quarter.

(visit the link for the full news article)

So I wonder if this is going to upset the American tax payers even more.... It wasn't long ago that a huge sum was given to AIG, and now they are returning to ask for more.

It kinda sounds like that is the new trend. Receive huge amount of dollars, blow through it as quick as possible so you can just ask for more. It really seems like a 'funnel' effect. The government is 'funneling' all of the wealth from the people, to give to the chosen few.

Well, can't wait to hear people in school talking about this one. Hopefully tomorrow.

www.forbes.com
(visit the link for the full news article)

reply to post by LostNemesis


you are exactly right. our government is robbing us blind. how can you give a company billions and billions of tax payer funds and come back three times for more...this is insanity hasnt the last six months shown our governmen that this isnt working...are they trying to collapse the economy?


they serve us we dont serve them...just remember that

one line post... aig insures congress' pensionsthere is more but i'll let you digest that before the next post makes you throw up.

reply to post by Spectre0o0


AIG also insures and/or manages MOST of China's pensions

2nd line

ok the next post.
Where does the bailout money really go?

ever wonder why the insurance companies are being bailed out?
when aig was bailed,they were worth 12.5 billion. so why does an insurance company need to be 100 times the size it was? 1.4T SO FAR,AND MORE TO COME

i'll do this in as short a story as i can...fasten your seatbelt.

in 2005,2006,2007,subprime loans were made to people that could not afford them. this was due to deregulation.
2005 defaults just hit,2006 comes this year,and 2007 was called a mortgage orgy of unbelievvable proportions,BY THE PEOPLE FROM FANNIE,AND FREDDIE. these are due to hit in 2010.

the people that made these loans knew, who was probably going to fail ,and who was not.
so what they did ,was took out insurance on the most likely to fail.
say that 20 of your friends get this info too,they also can take out insurance on the same house and others.
these are called morgage defalt swaps. its the same as gambling.
if 20 of your friends insure a house that defaults,say the house was mortgaged for 100,000,each one gets 100,000 dollars. quite a deal for gambling about 400.00 dollars on a normal midrange house.
now the insurance companies owe $2,000,000 to the 20 people on one bad loan.

now... remember all the toxic paper that was sold to investors around the world? well the foriegn investors got pissed ,and the dollar started to collapse.
this paper was bought back at pennies on the dollar,and insured here,to raise the price of the dollar. restore faith in the currency in foreign markets.

well the insurance companies couldn't possibly pay off all the winners in the mortgage lottery.HENCE THE BAILOUTS TO THE INS CO'S

now we've had the first round of bailouts,and the money goes right into the pockets of the insiders that knew who to bet on, by way of the insurance companies.

THE MONEY HAS NOW BEEN LAUNDERED.THIS IS WHY THE INS CO'S NEED ALL THIS MONEY.ITS A CIRCLE JERK.
THIS IS THE SHORT FORM,BUT IF YOU LOOK IT UP AND DO YOUR HOMEWORK, you will find out that we have been screwed so bad,we should have all got a kiss.
think about it. why are we bailing out INSURANCE companies,with no responsibility to account for where its going?
and then we LOANED the money to the auto industry,an industry that returns something to the economy.
what do insurance companies return to the economy.NOTHING!!

AND THE JOKE IS ON US. WE NOW OWE IT TO THE FEDERAL RESERVE!!!

and the best part is,that the worse they make the economy,the more defaults occur!!! lucky them. what a surprise!
this is why gold has stalled in a bad economy. it's usually the safe haven,but the boys on wall street,and your federal government have found an investment that dwarfs the metal.
here comes the next bailout at almost another billion. there will be more this year to match the cashout,and as for next year????? OH BABY!!!!!!!!

now i have read that the total will be over 5.7 trillion dollars

NOW WITH HR 45 THEY WANT TO TAKE YOUR GUNS,to protect themselves when everone figures it out.
there's a signature on this site, and it really rings true...the final step of a dying government,is to loot the treasury on the way out the back door.

money.cnn.com
(visit the link for the full news article)

what will we do if this is provable
HR 45 WILL PROTECT THE GOVERNMENT...FULL CIRCLE TAKE OVER




[edit on 2-3-2009 by Spectre0o0]

[edit on 2-3-2009 by Spectre0o0]

Originally posted by LostNemesis


So I wonder if this is going to upset the American tax payers even more.... It wasn't long ago that a huge sum was given to AIG, and now they are returning to ask for more.

I know this sounds naive, however, as long as I have my life insurance with AIG, I want the gov to keep them afloat.

Sorry... I've just paid enough on it, that I need it to stay legit.

This is one tax payer not upset by that portion of the bailout.

this is a financial coup de tat. a president lies and says hes here to help the people and he has done nothing but insure our further enslavement. we have gave away more money in the past six months then i can wrap my huge head around and it has nothing to stablize the economy or the banks, it has probably made it worst, the government is aiding in our destruction, just wait for the dollar to collapse and the commercial credit market crash...its absurd and im sick of it

[edit on 2-3-2009 by invisibleman11]

Originally posted by HunkaHunka

Originally posted by LostNemesis


So I wonder if this is going to upset the American tax payers even more.... It wasn't long ago that a huge sum was given to AIG, and now they are returning to ask for more.

I know this sounds naive, however, as long as I have my life insurance with AIG, I want the gov to keep them afloat.

Sorry... I've just paid enough on it, that I need it to stay legit.

so its okay to bleed out the american people as long as you can keep your life Insurance!!?? wow thats not selfish

pretty selfish, but you can absolutly be assured that congress will not let AIG FAIL. I PROMISE.

I do believe this is proof, that there is absolutely no end to our government's charitable acts...Is this corporate welfare, though?

Dunno what is going on, but... Wow. This is pretty blatant, whatever our gov't is trying to tell us.

reply to post by Spectre0o0


I wonder if you are right. But at the same time, I honestly hope you are wrong. All of the wealth in this country is being funneled somewhere.

People cannot just keep giving up their homes, and taking this. If we can get the American people to STAY in their homes, we can build self-sufficient communities. What will it take for us to leave their system, and keep the land to ourselves?

Why do they own us? This is pissing me off.

[edit on 2-3-2009 by HunkaHunka]

Originally posted by invisibleman11

Originally posted by HunkaHunka

Originally posted by LostNemesis


So I wonder if this is going to upset the American tax payers even more.... It wasn't long ago that a huge sum was given to AIG, and now they are returning to ask for more.

I know this sounds naive, however, as long as I have my life insurance with AIG, I want the gov to keep them afloat.

Sorry... I've just paid enough on it, that I need it to stay legit.

so its okay to bleed out the american people as long as you can keep your life Insurance!!??

wow thats not selfish

Well... first off, yes... It's not my duty to by altruistic to others... It is however my duty to pull for the politics of ME.

Remember, all politics are local... and you don't get much more local than this.

Are YOU going to say it's ok that your family doesn't eat just as long as your not being selfish?

PUHLEASE Put your self righteous rhetoric on a shelf... because I don't participate in politics for you... I participate in politics for myself and my family. PERIOD.

Now, when I was in the service, that was for you... but that's all yer getting, other than my tax dollars.

Why not?

The first heist went smoothly, so they are back to take more.

Can you blame them...

Honestly, screw me once shame on you, screw me twice and you may do it again cause i am starting to like it.

News flash... AIG lost 62 Billion last Quarter...


That's all from the insurance people took out on Lehman...


Too bad we didn't bail out Lehman... would have saved us 62 Billion.


:-)

The whole idea is to maintain the system. Don't you see?

The system is a simulation of perfection and we are all sacrificed for it.

It is so simple. There is no other logic in this.

And think about the idea: One must work to live!

How empty it sounds when you know that all the skim and all the milk is being taken away from you!

[edit on 2-3-2009 by DangerDeath]

reply to post by HunkaHunka


You should try to get this:

You are paying insurance to AIG.
AIG is broke.
Now you are paying for AIG to stand up again.

You are being robbed and the idea of insurance is bleeding you to death.

You still believe it is your lifesaver.

Absurd and self destructive. Total exploitation.

This entire AIG bailout makes me spit fireballs. Even Neil Cavudo is pissing me off because he keeps talking about it.

$30 BILLION.....

I've have never called, written, or emailed anyone in our Government before, but I just did. Not that it will do any good.

I went to the Whitehouse website and submitted a nice little snippet to Mr. Obama. He'll never read it, he'll never know about it, but it made me feel good.

I then went to my Senator's website (Kay Bailey Hutchinson) and sent her a nice little snippet as well.

Then, I found out she's in Houston this week riding on a horse in a parade??? What the hell???

I'm just going to give up.... I hear Queensland is a nice place to live.

Now I just to have to worry about who's going to show up at my door over the next couple of days.

Hunka-



Well... first off, yes... It's not my duty to by altruistic to others... It is however my duty to pull for the politics of ME.

Remember, all politics are local... and you don't get much more local than this.

Are YOU going to say it's ok that your family doesn't eat just as long as your not being selfish?

PUHLEASE Put your self righteous rhetoric on a shelf... because I don't participate in politics for you... I participate in politics for myself and my family. PERIOD.

Now, when I was in the service, that was for you... but that's all yer getting, other than my tax dollars.

I guess you don't realize that if policticans fail for the majority then they fail for you too. Regardless if what they did was for your good. What this equates to is us paying for you to have life insurance.

Are you okay with us paying for your life insurance if we cannot afford it? How many out there cannot pay for life insurance, but will get their taxes raised so that you can keep yours?

There comes a point when you have to put aside the "me" attitude and think a little more about everyone else.

[edit on 2-3-2009 by jd140]