I hate this team...
Posted on 09/22/2008 8:07:45 AM PDT by TSchmereL
AND NOW . . . amidst billowing clouds of fragrant, aromatic first- and second-hand premium cigar smoke. . . it is time for . . . that harmless, lovable little fuzz ball, the highly-trained broadcast specialist, having more fun than a human being should be allowed to have, from behind the golden EIB microphone, firmly ensconced in the prestigious Attila-the-Hun chair at the Limbaugh Institute of Advanced Conservative Studies, with talent on loan from G-d, at the cutting-edge of societal evolution, with half his brain tied behind his back — just to make it fair, the all-knowing, all-caring, all-sensing, all-feeling, Maha-Rushie! America's Anchorman, Truth Detector, Doctor of Democracy, and Chief of the Patriotism Police. He is the man who runs America. He knows the Democrats like every square inch of his glorious naked body. He is ready to do what he was born to do--That's host. Get ready to what you were born to do--That's listen (and post your comments on the Rush Limbaugh LIVE Radio Thread).
I hate this team...
Sorry, you are not correct. We got an 79.9% equity stack for the $85B loan at 12%. That is why the stock went down. The common got diluted.
In all fairness they played a real football team..
http://calculatedrisk.blogspot.com/2008/09/fed-aig-deal-done.html
If you want I can explain this in technical detail. But the government has a 79.9% equity stake in AIG, Libor plus 8% note, and the ability to cramdown the debt. It is a sweet deal. I see about a hundred deals every year and this one is better than anything I have seen before. The AIG share holders should be screaming.
Plus we will probably not recover the interest on the whole $85B because this is actually more of an LOC. I’m telling you we own AIG less 20.1% and it is a bargain. Not that I like to see the government competing with the likes of Bain and York but if you had to do a deal this is the one to do. And the best part is the debt is probably going to turn out to be CDSs which are a lot easier to cramdown than the underlying MBSs.
I beg to differ .. Being a season ticket holder since 2004, enduring the strike year, and part of the WINNING of the STANLEY CUP, I LOVE it !!
GO CANES
STOP THE BAILOUT
If the deal is so sweet let the private sector buy it. Not the Taxpayers. But since 55 Senators own some of it, well ....
Just think, see Ty saying, "Tonight -- in INTERNATIONAL COOPERATION we are going to rebuild Democrat's Barak Hussien Obama's half brother hut. With us will be the campaign staff of John McCain."
These organizers are not principled people. They are political people. Principle people would have sought to have Palin or anyone who would stand against Iran. They look ridiculous after disinviting Palin and others. Imagine the stupidity of these who would suddenly disinvite as soon as Hillary dropped out. Who is, by the way, another unprincipled person. None of them can be trusted with OUR liberty in this country.
If only something like that could happen, just think of the way obama would be thought of THEN.
“If the deal is so sweet let the private sector buy it”
Pleeeaaase loose the populist attitude and think. If you read my post before responding you will notice the fact that the government can force a cramdown. a private buyer cannot.
I see that you keep using WE. We what? We are going to recover 8-12 percent on a loan. Oh yeah. WE are going to get a check??
We aren’t getting anything face it. The DOW went down another 350 today, doesn’t that mean we need a couple more hundreds of billions of dollars?
Kill the Bailout. If we didn’t need one when the DOW went down 36 percent from 00/02 we don’t need it for a 21 percent drop today.
Sorry man but thats the numbers.
” The DOW went down another 350 today, doesn’t that mean we need a couple more hundreds of billions of dollars?
Kill the Bailout. If we didn’t need one when the DOW went down 36 percent from 00/02 we don’t need it for a 21 percent drop today.”
True these are numbers. So is Vida Blue’s on base percentage. But what does that have to do with the evaluation of the AIG DEAL!!!
If AIG was allowed to go bankrupt real insurance on real property and businesses are in jeopardy. This could cause a collapse. You in favor of that? I am not in favor of the government bailing out AIG but they did not; they took them by the neck and shook them down. I strongly suggest you loose your populist rhetoric and look at the deal. It is slightly complicated but I know a 15 year old that understands it. It is very, very artful and will be a huge benefit to the Treasury. Now will the people that run the government do a good job spending the profit? Unlikely! But this is a great transaction and better than AIG potentially going south.
Do you know that this latest latest bailout will be more than 5 percent of our gross domestic product?
And will it be the last dollar we spend on bailouts? NO.
225billion FORD GMC ..wasn’t enough, need more
30billion BEAR .....wasn’t enough, need more
85billion AIG .....wasn’t enough, need more
138billion LEHMAN...wasn't enough, need more(they tried to hide that one)
200billion FANNIES...wasn’t enough, need more
770billion WHO ELSE?
Driving our dollar down to the value of the yen is not a good thing.
Someone wrote: Because of what we have viewed as a fragile economy, and a weakening dollar, my husband and I have moved much of our stock portfolio into cash over the past few months – placing that cash in a money market fund at our brokerage firm...........
NAV in our money market fund has fallen below $1, due, in part, to the decrease in value of debt securities issued by Lehman Brothers and held by the fund.........................
Long story short ... as a result, until our funds are redeemed by our brokerage, we will not have access to them for withdrawal or transactions. We were informed that this action is being taken in our best interest ‘in order to limit potential losses’.
I say beat them to the punch.
We must Run ON THE BANKS and STOCKS. That is the only language the Wallstreet thieving elite and their politicians will understand
We pull a trillion out of the banks and market until they stop this bailout socialist thievery.
Someone starts yelling the Y2K is falling and we are supposed to give up our money and rip up our Constitution? Is this WW2? Have the Russians launched ICBMs? Is there a black plague?
Or is this the Great USA which has NEVER been stopped.
KILL THE BULLSHEET BAILOUT then SHOOT IT IN THE HEAD.
LOL. I hope you are not as ignorant as you seem. I’m not saying I agree with everything that is going on. I assume you are just angry and not thinking.
“And will it be the last dollar we spend on bailouts?”
You seem to not know what the word “spend” means!! LOL.
For one thing the government has not spent a thing to buy AIG. Until you get that you have no clue as to what is going on. LOL
It is OK to be angry but you should actually present yourself somewhat knowledgeable to win and argument. Or even seem rational. Right now you do not. Quit arguing until you understand what is actually going on!!
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