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Faber now reporting a bridge loan for AIG.
- Thread starter W4rl0ck
- Start date
Quote from W4rl0ck:
WTF???
Gvt back in forcing banks to play.
From the web site of WSJ:
Breaking News:
The Fed is considering offering a secured bridge loan to AIG, and under the proposed rescue plan, the U.S. government may end up controlling the firm, according to a person familiar with the matter.
secured by WHAT?
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Quote from moonmist:
From the web site of WSJ:
Breaking News:
The Fed is considering offering a secured bridge loan to AIG, and under the proposed rescue plan, the U.S. government may end up controlling the firm, according to a person familiar with the matter.
85-90 billion more in taxpayer revenue. the gov't equivalent to dine and dash... how will they spin this one?
now the government is literally the largest players in the housing business (6trillion), banking business (few trillion?), insurance business (85-90 billion for now). By next weekend the auto industry teet will be getting suckled. Warren buffet is small potatoes next to this portfolio of businesses the gov't is amassing.
now the government is literally the largest players in the housing business (6trillion), banking business (few trillion?), insurance business (85-90 billion for now). By next weekend the auto industry teet will be getting suckled. Warren buffet is small potatoes next to this portfolio of businesses the gov't is amassing.
Quote from niceneasy:
85-90 billion more in taxpayer revenue. the gov't equivalent to dine and dash... how will they spin this one?
now the government is literally the largest players in the housing business (6trillion), banking business (few trillion?), insurance business (85-90 billion for now). By next weekend the auto industry teet will be getting suckled. Warren buffet is small potatoes next to this portfolio of businesses the gov't is amassing.
So much for Paulson being reluctant to facilitating a "bail-out".
Was a $20 billion liquidity issue, now it's an $85 billion dollar capital problem because of 3 successive downgrades.