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sadecou
3 Comments
Since When Is Getting a Loan Being 'Bailed Out'? [view article]
I just went to the Federal Reserve Board's website. This is not just a mere loan but a loan with a warrant attached. You forgot the part where the US Government receives 79.9% Equity stake in AIG with the ability to veto common & preferred dividends.www.federalreserve.gov...
What I want to know...why is it that the Fed Reserve Bank chose Liddy to be the CEO? I think there is something wrong with the Federal Government being a majority S/H in a private corporation. Just like Fannie Mae & Freddie Mac. And, what about the voice of the other S/H's? I guess they don't care that one of the worst CEOs of Allstate will now be CEO of AIG.
And, if I were a policy holder, I would pull my policy from AIG ASAP. You think it was hard to collect on a claim before? Wait until you try to collect on that same claim when Liddy becomes CEO! You might as well start a new savings account backed with gold... :) Sep 18 01:56 PM
Since When Is Getting a Loan Being 'Bailed Out'? [view article]
I realize that this is a loan but from what I read there is a warrant attached to it. Why have you not addressed that part? And, why is Liddy being considered as the new CEO of AIG. He has a terrible reputation at Allstate and if I were a policyholder, I would try to find a new insurance co ASAP. Sep 18 01:27 PMJPMorgan and the Bogus Bear Stearns Deal [view article]
I think that the American public should ask for an investigation into JP Morgan and the Federal Reserve. How could a stock be valued one day at $35/a share and the next day at $2/per share.To me, it sounds like a scam and I think that if Congress were smart, they would call the Federal Reserve Board Chairman to the chambers and ask why? And, as how it is that JP Morgan is able to purchase Bear Stearns, which is worth more than $2/per share could be sold that way & with the Federal Reserve Board's blessing, not to mention the SEC.
This is probably the next Enron...don't you think? Mar 17 11:06 AM