AIG to get another 37.4 billion dollars!

[Steve_A]

Hi Everybody,

Just heard that the Federal reserve will lend AIG another 37.4 billion dollars.

That's on top of the 85 billion dollars they got just over a week ago.

After the executives party of 400 000 dollars over the weekend it was decided to give them more.

The further loan suggests that the 85 billion doesn't exist anymore!!

I don't think I need a crystal ball to see the future...

Best regards,

Steve

[martian31v]

hey steve, do you have the source for that info? and i thought the federal reserve bought up AIG, so i'm confused at how that would work. is the fed printing up more money for themselves? i would greatly appreciate some clarification on the AIG bailout/buyout. thanks

[sfth13]

here's one link to the AIG getting 38 billion

http://www.foxbusiness.com/story/markets/industries/finance/fed-lends-additional--bln-troubled-aig/

here's another one telling of the real debt

http://www.cnn.com/2008/POLITICS/10/06/walker.bailout/index.html

[ghglenn]

And people were worried about CERN making black holes!!!:lmao:
All Is Gone! In my evil voice: "Remain seated please, and enjoy the ride...buwahahahah!" :yikes: