Comments for AIG Gets Additional $40 Billion From You

AIG Gets Additional $40 Billion From You

2008-11-10T19:30:31Z

Congrats, taxpayers, you're about to own $40 billion more of A.I.G. [NYT]

Comment from Anonymous on 2008-11-10

2008-11-11T04:00:29Z

This is dumb! Let them fail. All we accomplish by giving them money is letting other businesses know we'll do it causing them to claim "failure" and requesting more of our money. Where does it stop? Quit raising our taxes and bailing out businesses!!!

Comment from korvetkeith king of teh horsepowers! on 2008-11-10

2008-11-11T01:55:37Z

We actually own the same amount 79.9%, we're just giving them more money.

Comment from Krobar on 2008-11-10

2008-11-10T23:58:13Z

great, those morons are getting cash while my work (a bank) is being forced to sell ourselves to a competitor...

Comment from crazydavythe1st on 2008-11-10

2008-11-10T23:43:00Z

Ugh. I don't understand how giving one company $40 billion really helps the economy. Wouldn't it make more sense to give 4 million small businesses $10000 (hint, hint)?

Comment from Tmoney02 on 2008-11-10

2008-11-10T22:57:41Z

@Gstein: Yes the first part was a loan. This latest money came with the price that the government gets a stake in the company.

Comment from gStein_|bringing starpipe back| on 2008-11-10

2008-11-10T22:16:38Z

wait, are we actually buying parts of it now?
i was under the implression that (the first $100bn) was a loan...

Comment from theblackdog on 2008-11-10

2008-11-10T21:57:11Z

So when is AIG taking me on a luxury vacation?

Comment from jbutler9 on 2008-11-10

2008-11-10T21:46:27Z

I have yet to hear of any progress on the free refinancing for those facing foreclosure. let AIG fail, fund non-profit agencies to refinance their loans, that way real concerned banks will buy the mortgages that are now stable.

Somehow our government is finding ways to deliberately avoid or find reasons why common sense will not work.

The problem stems from these messed up loans, fix the loans!

Comment from Red_Flag on 2008-11-10

2008-11-10T20:37:35Z

Go go gadget free market?

Comment from blackmage439 on 2008-11-10

2008-11-10T20:13:11Z

Whoa whoa! Where the hell did this come from? The last thing I remember AIG was being lambasted for taking spa trips and hosting parties on the taxpayer's dime, now we're giving them MORE money?!

Who's the idiot that ever said our politicians reflect the wishes of those who elected them? When's the last time we removed a politician from office for performing poorly?

Democracy and "for the people" my ass...

Comment from Trick on 2008-11-10

2008-11-10T20:01:41Z

Good, AIG needs the money because "it's business as usual" and we, the idiots of United States" don't understand why AIG needs the extra money to pay those that have ruined the company in the first place.

Comment from Harrison-H on 2008-11-10

2008-11-10T19:58:04Z

Maybe on their next hunting trip they can take Dick Cheney.

Comment from nataku8_e30 on 2008-11-10

2008-11-10T19:48:13Z

Ok, now I'm SURE AIG wasn't worth this much to begin with. Is all of this going to pay PMI losses? I can't think of any other way that AIG is losing this much money...

Comment from zigziggityzoo on 2008-11-10

2008-11-10T19:38:58Z

Ugh. Great. We own more of a failing business. What's that do for us besides cost us more money? I know it gets the AIG execs another trip to Tahiti.