thedozer

Why AIG Wasn't Allowed to Fail

ERGO:
The contracts weren't 'too hard' to figure out. Simply put, the Govt. found the largest issuer of CDS certificates and propped them up. Think of it as simply 1 line item in a 800 page bill rather than 800 billion dollars. It was expedited as a single line with less political backlash.

The Govt. should have been monitoring these CDS's along the way. I hear the market is somewhere in the 55 trillion range.

Either way, the argument is that AIG had dealings that reached all sectors of all corners of the WORLD. Thereby labeling it as 'too big to fail'. My question is, "why did the US taxpayer have to bail out the world?"

Each and every country would have had to take necessary measures to ensure the viability of its own financial institutions. That would have been an approach I would been in favor of rather than the US taxpayer being the knight in shining armor. Furthermore, we will be left with the hyperinflation that is right around the corner.

Felix: well put, again.

Let AIG Go Bankrupt, Not America

Jim Rogers has a brain

GM, AIG, Fannie and Freddie: Bailouts in Common?

Gen. Change,

I like your spirit. But the young imaginative leaders you speak of are busy booking trips on expedia to visit Ireland before relocating their business

GM, AIG, Fannie and Freddie: Bailouts in Common?

oh yeah...

where are those 'evil' oil speculators????

have we already burned them at the stake? Guess we'll just have to wait to enact outrageous legislation NEXT SUMMER with OBAMA and his 300+ liberal cronies

GM, AIG, Fannie and Freddie: Bailouts in Common?

madasiwannabe,

GM is now a GSE... along with the financials of our country

as a matter of fact, I think most businesses are GSE's... except my business of course.

curbs- where ya been?
have you started 'the forgotten man' yet?

it will make your eyes bleed!

GM, AIG, Fannie and Freddie: Bailouts in Common?

Mr. author,

Gm already received a 25 billion dollar loan from the government earlier this month!

your article should have been written then as a question...

It was done the week before the 'bailout' was passed....

Question, where did the gov. get that 25B loan to give in the first place?!
that is an article worth writing

How AIG Took Down Europe

AlexS, you have are exactly right!

do they get stimulus packages in Europe?

How AIG Took Down Europe

Europe just another victim of the US...

good to see this author doesn't believe in accountability either....

how about...

Hey Europe... if you don't understand it... don't invest in it!