Author Topic: Anybody else need another $10 Billion?!?!?!?!?  (Read 2999 times)

Offline firetoad

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Anybody else need another $10 Billion?!?!?!?!?
« on: December 10, 2008, 09:03:57 AM »
AIG Needs another $10 Billion!

Quote
After all the money AIG's had shoveled at it, why does it need another $10 billion? Because, as the Wall Street Journal reports, the money its gotten from the government are supposed to pay off its bad CDS bets -- essentially, the money went to retiring the underlying CDO --- but it's also stuck $10 billion on what were just bad bets, not necessarily designed to help clients manage risk.


Let's keep throwing more money at the problem that we don't have, let's keep making horrific decisions and let's all smile knowing that we will be getting out of this in '09!   :P

Just all more damage control to lessen the blow of reality to the masses:  hard times a'comin'!

millerized1

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Re: Anybody else need another $10 Billion?!?!?!?!?
« Reply #1 on: December 10, 2008, 09:37:41 AM »
http://www.spencersonline.com/images/spencers/products/audio/00484279/4_00484279.mp3

Pretty much sums it up for me.

(oh, turn down the volume, it might offend some folks)
« Last Edit: December 10, 2008, 09:56:21 AM by Millerized »

Offline chris

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Re: Anybody else need another $10 Billion?!?!?!?!?
« Reply #2 on: December 10, 2008, 09:47:01 AM »
You should warn people about audio like that. It might get someone fired.

millerized1

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Re: Anybody else need another $10 Billion?!?!?!?!?
« Reply #3 on: December 10, 2008, 09:55:43 AM »
You should warn people about audio like that. It might get someone fired.
No one said you had to play it, now did they ;)

Duly warned :D

Pokethis

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Re: Anybody else need another $10 Billion?!?!?!?!?
« Reply #4 on: December 10, 2008, 11:36:41 AM »
The people are criminals and have done NOTHING to change their behavior.  They party, pamper and pay themselves AS USUAL.  They are not cowed in the least!@!!  OH this is just killing me!!!  >:(

Offline firetoad

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Re: Anybody else need another $10 Billion?!?!?!?!?
« Reply #5 on: December 10, 2008, 01:23:11 PM »
A little more detail regarding this latest derivative based problem...

AIG hopes to cover all derivatives with Fed plan