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Fed Rescues AIG - $85 Billion Loan


Business  (tags: u.s., economy, AIG, Fed, bail-out, business, debt, finance, money, news )

SirRobert
- 445 days ago - money.cnn.com
Yet another major failing giant. In an unprecedented move, the Federal Reserve Board is lending $85 billion dollars to rescue crumbling insurer American International Group (AIG) through hard times!
Comments

RC deWinter (418)
Wednesday September 17, 2008, 7:53 am
More of our tax money for millionaires who can't manage. Just last week they were running ads on CNN about how great their services were.
 

SirRobert THE FIFTH KNIGHT (275)
Wednesday September 17, 2008, 9:12 am
I sure am glad no one convinced me to save money by switching insurance companies! For each company, it is just the beginning of a major transformation skirting bankruptcy, with no guarantees.
 

Nevaeh M. (75)
Wednesday September 17, 2008, 2:33 pm
the government has to bail them out we can't have another depression the world will never recover ! any way the goverment has the money.
 

Blue Bunting (855)
Wednesday September 17, 2008, 11:44 pm
Deep Thought

Now that the government is running the biggest insurance company in the world, shouldn't we elect a president who is qualified to run a large company?
 

SirRobert THE FIFTH KNIGHT (275)
Thursday September 18, 2008, 5:04 am
---- president.ceo.gov ---- used to be the CEO of Kellogs Corn Flakes!? (It's a Joke!)
 

Blue Bunting (855)
Thursday September 18, 2008, 5:14 am
“The government doesn’t have the $85 billion needed to bailout insurance giant American International Group. The treasury department announced it would auction new debt to raise funds for the Federal Reserve’s rescue plan for AIG.” [CBS News]
 

SirRobert THE FIFTH KNIGHT (275)
Thursday September 18, 2008, 6:49 am
There is a new internal government war going on between Congress and the Federal Reserve, in direct regard to the Blue Bunting previous comment. More Chinese Debenture Trades = Smoke & Mirrors: I'm being blinded by brilliant reflections and choking on all the smoke!
 

SirRobert THE FIFTH KNIGHT (275)
Friday September 19, 2008, 3:59 am
You are invited to view my 'newly submitted news' controversy, entitled: "Four Horsemen Of The Apocalypse" Located at:

http://tinyurl.com/thefifthknight

This story connects to this post well, and is for the 'many' to: 1. Wake-Up. 2. Become Aware. 3.Research and Learn. 4. Get Involved. 5. Make a Difference! Thank you for your support!
 
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