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Faber now reporting a bridge loan for AIG.
- Thread starter W4rl0ck
- Start date
Right, let's not forget the Auto Industry. I believe they are requesting 25B.
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.
\Quote from ProfitTakgFool:
So the Gov't has control of the mortgage industry via FNM/FRE, they will soon control the Health Care Industry, and now they will own the Insurance industry. It's getting more like Russia every single day.
Looks like the USA has been following in the foot steps of Venezula President.
I don't see much difference between Venezula, Cuba, Russia
They should start calling it the USA exchange
w
Quote from ProfitTakgFool:
So the Gov't has control of the mortgage industry via FNM/FRE, they will soon control the Health Care Industry, and now they will own the Insurance industry. It's getting more like Russia every single day.
wait till US market drops 17%/day (likely soon), then it will really be like Russia.
Quote from Landis82:
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.
One has to question the wisdom of a business model that effectively holds a firm's survival hostage to a few 30something analysts at clueless, mediocre rating agencies who had Fannie & Freddie at AAA all the way to 50 cents a share.
Have none of these CEOs heard of long-term financing?