I weep for this country.

Wall Street Breakfast: Must-Know News

Mac.barron-
Good point obviously everyone who works for AIG is to blame even though some of the units are making billions in profit. So when Kevin Kelly, a legend in insurance who has never lost money for the company left that was a good thing for the company, that will really help out the country. This was a small unit that took down the parent. AIG is humongous. It is like blaming NBC for what GE Financial Unit does. You really have no clue, just let anger fuel your thinking, that is productive!

Wall Street Breakfast: Must-Know News

Read the actual bill it is available on the House's website. Despite how it has been reported it: taxes any individual whose salary and bonus combined is more than 125k. Households combined whose salary and bonus amount to more than 250K are also subject to the taking. So if you work at one of these banks, earn 100K a year and got a 26 K bonus and are the sole breadwinner of your house, the gov't will take your entire bonus. Does that seem fair to the over 116K employs of AIG who had nothing to do with the London based FP unit who work hard to provide for the familes and were counting on the bonus to pay loans and mortgages? Who are working hard to ensure that the company remains profitable to pay back the taxpayer! Wasn't that the whole point of the bailout? Or was it to pay the counterparties? Hmmmm... Oh, by the way, this tax doesn't actually tax the London based employees that everyone wants to flog. And it doesn't tax Merril Lynch because unlike AIG they are still allowed to lobby Congress. Can't wait for our best and brightest to go to Zurich, Banco Sociale and other foreign entities and the US Economy collapes. Way to go Congress!

Going to Hell in a Handbasket: The Rush To Protect More Stocks

Pockyclips: You are out of your mind.

Going to Hell in a Handbasket: The Rush To Protect More Stocks

You are an idiot. AIG was not bailed out by the Government, the Government took them over. There was no need to take the 80% interest in the company. That was a throw in. AIG just needed time to sell its assets a bridge. The core company (the international and domestic commerical insurance) is doing great, in fact operating at a bigger surplus than any other insurance company in the world. The non core can be sold for at least 180 billion. The Government, however, had AIG over a barrell on Wed with company facing bankruptcy because they could not raise the capital quick enough for the rating agencies and thus the government decided not only to loan the money but to also steal the company because they could. Now the shareholders rather pay back the loan to the FED and get the company back from uncle Sam. Also, that bad unrealized debt that AIG insured which caused the need to raise capital in such a hurry in the first place will now go away pursuant to the bailout so it will actually be a surplus rather than a debt for AIG. That debt will never be realized Thus, whomever gets control of AIG will have control of one of the best companies in the world.

Wednesday Options Outlook: MER, AIG, LEH, XLF, GE, XLE, KR, CVH

What is going on with AIG? I don't see the reason this stock should be trading at 13!