Government provides record aid package to AIG

Discussion in 'Politics' started by houtx48, Nov 10, 2008.

  1. houtx48

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    and still the ceo just cashed out 120 million dollars of personal stock. maakes one wonder who is blowing is blowing who.
     
  2. killerb

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    I heard about that & was totally disgusted...
    nice reward for greed, mismanagement & deceit...
     
  3. CALAMBO

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    when the ceo cashes out big...everyone else should too...this company is TANKING...AIG, will be bleed out and never pay back the $$$
     
  4. ZOS23xy

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    A lack of ethics has been the norm for the Bush years.

    I wonder, perhaps, that he could be prosecuted. Insider information?
     
  5. B_starinvestor

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    According to the WSJ this morning, the original $123 billion bailout is being scrapped and replaced by a $150 billion package. This consists of:

    $40 billion in preferred stock investment
    $50 billion in capital in order to backstop distressed assets, and
    $60 billion in a loan (with better terms than previously for AIG)

    In theory, the revised plan should increase the likelihood that AIG be able to sell its assets as reasonable prices so that taxpayers may recoup these dollars.

    This better fucking work.
     
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