Is there life after AIG? The subject deserves an Obama Speech.

European Socialist

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Wed Mar-04-09 01:54 PM
Original message

Is there life after AIG? The subject deserves an Obama Speech.

I remember a time when 200 billion was a outrageous one year USA deficit--not just one company's

bailout number. I know it's Bush's fault--but the amount of money involved requires a "going to war" type explanation.

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European Socialist

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Wed Mar-04-09 02:16 PM
Response to Original message

1. I guess it's just me.

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slipslidingaway

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Wed Mar-04-09 02:24 PM
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2. It's not just you, 200 billion used be a lot of money not long ago...

exactly who did AIG insure and for how much.

How The Banks Used AIG's Swaps To Dodge Banking Rules

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=114&topic_id=59190&mesg_id=59190

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European Socialist

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Wed Mar-04-09 03:16 PM
Response to Reply #2

3. Yup, too much of the money spent outside the USA so no Congresscritter

wants to talk about it. And, since both presidents will have spent billions on AIG before it's over, finger pointing will be useless.

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slipslidingaway

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Wed Mar-04-09 05:09 PM
Response to Reply #3

4. Yes, we did not need that money anyway. :(( n/t

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