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.