AIG... 62 BILLION in losses!!!!! (unemployment, radical, school, parties)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
AIG was formed to insure the banks. The banks paid premiums to AIG to insure their solvency. So where are the insurance policies that were suppose to protect the Banks? Where did the premiums go? What a scam! I think the banks cannot be trusted anymore. THEY ARE ALL A BUNCH OF CROOKS!
AIG was formed to insure the banks. The banks paid premiums to AIG to insure their solvency. So where are the insurance policies that were suppose to protect the Banks? Where did the premiums go? What a scam! I think the banks cannot be trusted anymore. THEY ARE ALL A BUNCH OF CROOKS!
The risk behind CDSes was clouded. If they actually knew that the entire housing market was going to collapse in the way that it did they would have had higher premiums (or not gotten involved at all).
That's in one quarter!!!!! Is it time to let AIG fail??
NO.
As an enumerated Socialist and Human Resource pledged as collateral on the public debt, YOU are obligated to underwrite all manner of stoofidity.
You did volunteer, via Form SS-5, application for account and number, with Socialist InSecurity, didn't you?
As a "Contributor", equally liable for paying the debt, of course, your wealth is the government's to waste. It must jump in and pull AIG's chestnuts out of the fire. If AIG goes down, so the dominoes fall, pulling down more and more until we realize the unpleasant truth that usury was and is an abomination, intolerable, and should never be allowed.
That's in one quarter!!!!! Is it time to let AIG fail??
If you let AIG fail it will take down not only most of the big national banks in the US but most of the big banks in Europe as well. AIG is the biggest player in those credit default swaps we've all heard so much about in both the US and in Europe.
If you let AIG fail it will take down not only most of the big national banks in the US but most of the big banks in Europe as well. AIG is the biggest player in those credit default swaps we've all heard so much about in both the US and in Europe.
And so the solution is to prop them up, no matter how badly they do their job? The country--if not the rest of the world--managed to get by before AIG, and I suspect we'll survive without them, too.
The big lesson to learn from the depression is you never let your banking system crash and burn no matter how badly they screwed the pooch. If you want a recovery then you have to have a functioning banking system no ifs, ands, or buts. You can still punish the guilty though by wiping out the shareholders who allowed the banks to behave so badly plus we need to fire all the execs who lead their companies down the tubes. So far both Bush and Obama have not nationalized (and thus wiped out shareholders) the banks out of fear of being called socialists but the reality is that is exactly what needs to occur. We can't let the irresponsible profit from this disaster and that means you wipe out the shareholders and you fire all the execs.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
