AIG... 62 BILLION in losses!!!!! (salaries, insurance, companies, rating) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - Page 2 - City-Data Forum

Finn_Jarber · 03-02-2009, 06:34 AM

Quote:

Originally Posted by ViewFromThePeak

I'm probably cashing out my shorts later today in preparation for another dead cat bounce.

Dead cat bounce. lol. Maybe so, but they'll have to settle soon and start a gradual climb.

ViewFromThePeak · 03-02-2009, 06:46 AM

Quote:

Originally Posted by Finn_Jarber

Dead cat bounce. lol. Maybe so, but they'll have to settle soon and start a gradual climb.

Um..AIG regular shareholders will eventually be squashed. Might as well profit on the local minimums for this exponential decay function

GOPATTA2D · 03-02-2009, 06:55 AM

Quote:

Originally Posted by Finn_Jarber

Yes. They should have let it go under last year, but Bush chose to funnel billions of dollars into it, when he went on his socialist rampage.

Who was a big proponent of bailing out the banks and AIG last fall? Hint, hint - he is in Obama's cabinet.

vec101 · 03-02-2009, 06:59 AM

Sure wish my hubby could run his business into the ground and then get paid billions.

Finn_Jarber · 03-02-2009, 07:06 AM

Quote:

Originally Posted by NewMexicanRepublican

Who was a big proponent of bailing out the banks and AIG last fall? Hint, hint - he is in Obama's cabinet.

There were all kinds of people involved, democrat and republican alike, but the flame was started by the gang of three: Bernake, Paulson and Bush in that order. Usually the Fed chairman goes directly to to Congress to ask for money, but this time he sensed the weakness in the White House, so he struck there first and manipulated the President into making the plea to the entire nation.

Finn_Jarber · 03-02-2009, 07:25 AM

Quote:

Originally Posted by ViewFromThePeak

Um..AIG regular shareholders will eventually be squashed. Might as well profit on the local minimums for this exponential decay function

I meant the banks. They will have to recover someday, and some of them should be becoming pretty good investments soon.

Looks like HSBC is cutting 6000+ jobs in US. It's gonna be a nasty day. It's gonna be below 7000.

malamute · 03-02-2009, 07:27 AM

Quote:

Originally Posted by mental_complex

That's in one quarter!!!!! Is it time to let AIG fail??

Yes, there should not have been any bailouts. Let them all fail.

J Arp · 03-02-2009, 07:37 AM

Quote:

Originally Posted by vec101

Sure wish my hubby could run his business into the ground and then get paid billions.

I'll gladly take an officer position at his business to help him out. I have absolutely zero executive experience and I love expensive toys and parties. I'm sure we can run his business into the ground and be in Washington asking for a bailout within the week! Guaranteed!

I have been waiting for the homeless and unemployed to converge on Washington to ask for their handout. Hundreds of thousands of unemployed on the steps of Capitol building would be a sight.

Too bad no one could organize such an event, let alone afford the trip there and back.

domergurl · 03-02-2009, 07:40 AM

Quote:

Originally Posted by vec101

Sure wish my hubby could run his business into the ground and then get paid billions.

Rewarding failure ... the American way ... at least for the big shots.

Jons99 · 03-02-2009, 07:42 AM

Quote:

Originally Posted by domergurl

Rewarding failure ... the American way ... at least for the big shots.

And for the lazy and inept, all on the backs on the average Joe...