Gothamist: AIG May Get $75 Billion Emergency Financing Package

contro

Wed, 17 Sep 2008 07:08:27 -0500

CEO + golden parachutes= set for life who suffers everyone else

NannyState

Wed, 17 Sep 2008 01:20:04 -0500

^We'll see how well they "float down" on $3 per share vested options. Some may get an incentive package to stay on but the company will be immediately broken up and it's best, most valuable parts sold off to satisfy the feds. That loan is at 11% interest so there's little incentive to actually borrow much money. The best part is now Hank Greenberg can reassemble his baby while he watches those boardmembers collect their pink slips.

jibbly

Wed, 17 Sep 2008 00:03:48 -0500

Privatize the profit, socialize the debt! By golly, this capitalism thing sure is swell! Now instead of jumping off the ledge to commit suicide like the dogs they are the sons of bitches have golden parachutes to safely float down on.

contro

Tue, 16 Sep 2008 23:28:28 -0500

Oh sweet another bailout! Goverment can haz controls over monies?

NannyState

Tue, 16 Sep 2008 20:50:28 -0500

$85 billion. And now the Fed is in the insurance business...just in time for those hurricane claims.

blablanyc

Tue, 16 Sep 2008 19:00:58 -0500

Unlikely.

drewo

Tue, 16 Sep 2008 17:17:38 -0500

$75 billion? No problem - just keep the presses rolling. No more money to buy the ink and paper to keep the presses rolling? Uh-oh.

bagelman

Tue, 16 Sep 2008 17:05:45 -0500

if we are going to live in a socialist economy, i'd at least like free higher education, free health care, and may day off, fuck you very much.