With WHAT money are we bailing AIG out?

This is a serious question. How does the U.S. Government even pay for all this? Are we not already in trillionesque debt over the Iraq war? Where's it coming from? And who will bail out the bailers?

The Plaid Adder

Who is paying for AIG? You are. And you kids, and grandkids and great grandkids etc etc

To be more specific, the bill for AIG will simply be added on to the national debt.

out these wealthy institutions, they are not bailing out ordinary working people who, under the recently passed bankruptcy laws, become virtual indentured servants (better off than slaves only in that the indentured servitude theoretically ends at some point, hopefully before death) to the credit card companies if the ordinary people have financial problems. This is so immoral, I could scream.

Also, millions of Americans cannot get out of student loans -- in spite of the high unemployment in this rotten economy. You can't even discharge a student loan in bankruptcy. Again -- something that makes many Americans into little more than indentured servants.

So this is Bush's definition of "freedom": The ordinary folks rescue the rich from financial disaster, so that the rich can indenture the ordinary folks.

:puke: :puke:

Enjoy your purchase.

Deflate debt.

And we don't have the luxury of a debt-based economy the way Reagan and Bush had either.

We better get cracking with some kind of innovation, that's for sure. Another Microsoft/Internet type boom could save us. That's about it I think.

Too bad dumbya didn't push alternative energy like Al Gore would have.

...and their kids...

10 Trillion dollars in the hole...nearly double in the past 8 years. And that wss before this regime starting printing money it didn't even have for this bail out.

Whose money are they using?

It is a private collection of banks given the authority to "print" money out of thin air and load it to the U.S. Treasury Department at interest. The money for all these corporate bailouts is being loaned into existence, just like all money. It's strange and hard to understand, but it's how our currency operates, since there is nothing backing it (no gold/silver).

shredded by this administration. It was either that or send the shreds to make recycled toilet paper.

Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print! Print baby print!


Fucking assholes, This is my children's future, my grandchildren's future. Just made them slaves because of their greed...Can I really express how much I hate these people? Are there words?

The ease with which these billions fly out the door, you'd think a single payer health plan would be easy.

Why don't we get to spend this money on US?

WHAT DOES IT MATTER! ..... Just keep bringing new people into the pyramid scheme.

it is money that they will pay back with assets they will now sell. AIG has many enterprises, only one of which, the insuring of now bad debt, is flailing. They are a huge insurer of everything from boilers to ships. In the latter category, they have 40% of the business.
Wall Street short sellers, who sell down the stock and effectively raid the company for huge profits, while artificially driving the stcok down, have been stopped from doing so by this bridge loan.

The money will be paid back to the Federal Reserve. It is not a typical bailout-handout. AIG will be able, in an orderly fashion, to sell assets to redeem this note. Unlike Bear Stearns, which played fast and loose with other people's money backed by NOTHING, AIG has assets.

At least according to an analyst on Kudlow. Have to say my jaw dropped - would this mean the fed is now insolvent by their own definition after bailing out freddy/fanny and AIG?

And I still only have a teenager. Seriously - I'm guessing China.

Republicans are the party of Fiscal Responsibility. The economy is imploding before our eyes and we're headed straight towards 1929 but they'll say to their dying gasps that it's all the Democrats' fault.

Better hope the dollar turns around soon, or there's going to be some shit when people try to collect.

because of a pre-existing condition and now he'll be helping to bail them out. What a fucked up country.

from sinking in shit creek.

Even WrongWay McSame's "Navy" hat hasn't fooled the repo man. All the political Zig Zagging and ENRON style book cooking in the world won't keep the howling wolves away from the back door. Trickle down and trickle out...the law of the fang and claw, set up By McSame and his friend Foreclosure Phil Gramm has finally come home to roost.

Watch the neorats scramble to the beat and the heat of the breaking up noises. Bulkheads collapsing and the giant sucking sinking sounds are the signs of these bad times brought on by Bush/Reagan deregulation. "I don't think she'll take much more captain!"

America has been stampeded and Bushwhacked to death...this is not going to end well and McBand-Aid will stay Bush and the neocon's ill-fated course, "to the gates of Hell!"

The forecast is for, More Gloom and Doom if we can't CHANGE the tune and the course. "Full Greed Ahead"... better beach this overdrawn turkey's sinking @$$, before she goes to the bottom of Grover Norquist's bathtub, where the giant greed based fork of fate awaits her.

Here lies the great ship America, torpedoed by the greedy GOP...time to pray in one hand and shit in the other one?...

McSOS, SOS, SOS, SAME OLD SHIT...that is all...zip...beep...gurgle...crunch