Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Freedom_Is_Not_Free
The $85 billion goes right out the door to pay off the massive losses from MBS deriviatives. Wait until we hear they need another $85 billion and then another.

Uh....no.

120 posted on 09/16/2008 6:58:30 PM PDT by Petronski (Please pray for the success of McCain and Palin. Every day, whenever you pray.)
[ Post Reply | Private Reply | To 101 | View Replies ]


To: Petronski

That is it? Just a flippant answer?

If I am spreading misinformation, which is not my intent, then please correct me so others won’t be mislead by my misinformation.

Please explain the purpose and need for the $85 billion loan, where the money is going to and how much money AIG lost on derivatives.

They thought AIG would only need to raise $40 Billion, then $70 Billion, now $85 Billion? So why did AIG need $85 Billion today or declare bankruptcy tomorrow?


136 posted on 09/16/2008 7:09:49 PM PDT by Freedom_Is_Not_Free
[ Post Reply | Private Reply | To 120 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson