fed reserve loans aig 85 bil for 80% ownership

ophiuchus · 09-17-2008, 01:17 AM

just announced: fed will loan aig 85 billion in return for 80% ownership. if it fails taxpayers will be on hook. nice deal ! i wish i could buy a company and if things didn't workout you would pick up the tab.(gcn internet radio "what really happened") why should we have to loan a company $ and get nothing out of it. while someone else gets to own it. what's wrong with this picture? i say let the chips fall ! we should be up in arms about this deal.

09-17-2008, 01:17 AM	#1
ophiuchus Avalon Senior Member Join Date: Sep 2008 Location: new jersey Posts: 117	fed reserve loans aig 85 bil for 80% ownership just announced: fed will loan aig 85 billion in return for 80% ownership. if it fails taxpayers will be on hook. nice deal ! i wish i could buy a company and if things didn't workout you would pick up the tab.(gcn internet radio "what really happened") why should we have to loan a company $ and get nothing out of it. while someone else gets to own it. what's wrong with this picture? i say let the chips fall ! we should be up in arms about this deal. Last edited by ophiuchus; 09-17-2008 at 01:22 AM.