AIG Bailout Makes for Chaotic Trading Session

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AIG Bailout Makes for Chaotic Trading Session

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With anxieties still running high even after the government bail out of AIG, the Dow Jones industrial average dropped more than 300 points in midday trading. (Sept. 17)

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As a descendant of ... ( 2 months ago by UnconcernedCitizen)

As a descendant of a Revolutionary War Hero (they were all heroes), Im exempt from any further bad news regarding America.

am more than ... ( 2 months ago by ornelas3830)

am more than competent to debate you in this matter, so let us commence. By the way, I did receive my Bachelors in Business Finance and it involved extensive courses in economics. But first, I would like for you state you claim as clearly and specifically as possible so I may latter handed to you in a silver platter for you to ingest, digest, and excrete the socialistic substance from your anus. Give me your best shot Mr. Economics.

Anybody bother ... ( 2 months ago by pjkmik76)

Anybody bother checking how much the war in Iraq is costing American taxpayers too? Yes, over 500 billion dollars. What is another 700 billion folks? I forgot this is a 'me, me, me' country now.

Ok to understand my ... ( 2 months ago by 15deathblade)

Ok to understand my point of view one have to understand how the system works and what really coused the colapes. back in 1989 there was a market crash, so the feds lowered interest rates (which really just dumps money on the economy). THis couse alot of banks to have a ton of money on there books. Then in the mid 90's there was a political idea to promote low income house. The banks then came up with an idea called (as i sure most of you know) Subprime morage lending.

Subprime mortgage ... ( 2 months ago by 15deathblade)

Subprime mortgage lending is were a bank loan out money to an individual with poor or no credit. These mortgage are often times ARMS (adjustable rate mortgages) Then then lender would sell the loan to another company (lender in this case is an intermediary). The company that bought that loan would then sell what is called a Mortgage back security (ie a bond that is based on a loan). The bonds were then bought by banks (or depository institution like AIG).

In 1999 was made ... ( 2 months ago by 15deathblade)

In 1999 was made legal for banks to be investment banks (so do underwriting). Now the selling of these bonds is a credit on the book and loan is a assets. Then early this year was was a house market collapse. This meant that in most case the house was worth less then that loan. So the individual that had the loan couldn't pay the loan. Therefore that bank assets would decrease compared to there liability. So the final owner of the loan could not pay on his bonds decrease there value.

As you can see ... ( 2 months ago by 15deathblade)

As you can see since a bond is an asset on the books of it owner. That means a bank that didn't even make the original loan would be affect sense they bough a bond back on it. So if the bailout does not happen. More will go insolvent (or bankrupt but bankrupt if just for individual not business). Which will further mean that the availability to gain capital will decrease. Put us in a very long very deep recession. Sorry for the four posts in a row but it is need to full explain it.

Fuck America, fuck ... ( 2 months ago by billj500)

Fuck America, fuck it in the ass. I fucking hate this country and want to leave NOW. The problem you ask? Nobody will fucking take me? Why? Because I'm a fucking American! The entire world fucking hates us now because of our fucking government, a.k.a. BUSH. Fuck Bush, Fuck America, Fuck everyone who elected Bush and ruined this country.

There is still time ... ( 2 months ago by 15deathblade)

There is still time to safe this country but it is slipping away.

Are you one of ... ( 2 months ago by anyname666)

Are you one of those Boner brains that think that $85,000,000,000 divided between 200,000,000 Americans is $425,000 for each person??? I think most Democrats are stupid enough to believe this.
Did you know that when that evil man Bush allows one million dollars to go here or there that it only represents 1/3 cent from each person in the USA???

Blame the Federal ... ( 2 months ago by BigBadBattletoad)

Blame the Federal Reserve. It's nothing but a system of perpetual debt forced on working US citizens. They bought off senators to privatize our money system,to not back our money with gold, but with nothing but an empty promise. They then made it illegal to own gold. Gold looks like a great buy right now, but when these greedy bankers unleash all of THEIR gold on the market, driving down the value, no one elese in this country will have anything of value...

Here is how this ... ( 2 months ago by xchargersx)

Here is how this bail out can help us all If congress really wants to hepl us they would buy these loans at a discount and make the intrest rate on these loans 3%. That would cut most peoples martgage payment in half (its the high interest that people cant afford). After 8 yrs sell these loans back to the banks. This would revive the economy over night. Call your congress person and demand this be part of the bail out go 2 congressdotorg to get their ph# please copy and spread this message.

dude don't be hard ... ( 2 months ago by emforty2)

dude don't be hard on ur self its not ur fault its the greedy bastards that made money their god !
look around you there is no shortage of anything but paper money w/c has no value.
how can this country fall even more that were already flat to the ground ?

Soon we will only ... ( 2 months ago by billj500)

Soon we will only have one bank and no paper money. Credit will be the only currency and the means by which humans are forced to accept RFID chips. That is how this country can and will fall further.

About one thing we ... ( 2 months ago by onstageagain)

About one thing we may be sure. The U.S. deficit and national debt are going to soar. The credit rating of the United States, as this nation of non-savers has to borrow abroad to save its banks, and their banks, is going to fall. We are going to be a poorer nation and people.

I'm tired of the ... ( 2 months ago by UncleRico13)

I'm tired of the CONSERVATIVE REPUBLICAN ideal of privatizing profits and socializing costs.
Stop bailing out failing companies. Allow the free market to run it's course. Stop manipulating the Fed rate in an attempt to curb inflation and give a false sense of economic security.
Stop spending ridiculous amounts of money on foreign endeavors that aren't necessary (ie the Iraq war).
Let the free market BE a free market!
NO WELFARE FOR THE RICH!

Well, if these ... ( 2 months ago by TheDecidicator)

Well, if these 300,000,000 Americans do not want their 1/3 cents, I'll take them!
And I imagine, so would you...
Well, Bush is not talking about a million dollars here and a million dollars there. He's talking Trillions!
Hopefully, responsible Congressional members will refute his talking...

BAILOUT = JAILOUT ( 2 months ago by UnconcernedCitizen)

BAILOUT = JAILOUT

If AIG was a ... ( 2 months ago by huaren62)

If AIG was a Chinese insurance company, the american shit media would be quick to conclude that the mismanagement is due to the absence of democracy in China ...blah blah.. no freedom there ..blah blah blah.., no "human rights" there ..blah blah blah..

Republicans or ... ( 2 months ago by huaren62)

Republicans or Democrats - they are all shits.

North America ... ( 2 months ago by huaren62)

North America should be ruled by the native indians. Aqll the foreigners should returnm back to their ancestral homeland.

And there in lies ... ( 2 months ago by UncleRico13)

And there in lies the problem of giving up the power of your individual vote to self serving politicians whom you've never met before in your life. Those politicians who put themselves, lobbyists, and corporate interest before the voter.
Democratic Republics are inherently flawed.
The next great advancement in history will be the development of a hybrid form of government where in that government is actually representative of the people.

Array ( 1 month ago by phineastbuster)

huaren62
All these comments are fine but who was the "skipper of the ship" that allowed the ship to sink? The name is MARTIN SULLIVAN. Should this man be given $15 million on his removal from his position as CEO of AIG? I don't think he should get a dime and hopefully convicted and put in jail.

They need to treat ... ( 1 month ago by Dresknowsbest)

They need to treat the Execs like they do with Drug Dealers. Take thier houses, cars, and cash.
If they did that a bailout would not be needed at that amount.

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AIG Bailout Makes for Chaotic Trading Session