AMERICAblog: Dutch insurer wants bailout cash to grow their business
Older_Wiser
· 1 year ago
I think Aegon is just doing what Paulson is allowing. Remember, he's already changed the rules for credit card companies that want to retool as bank holding companies and they're dipping, too. But implicit in his original plan was that the credit market extends to worldwide markets that also need to be saved (read, America derivatives sold to cos outside the US which could come back to bite American companies in the ass).
Every company which produces nothing but paper and just juggles money, including insurance companies, will all get into the banking business (if they're not already) so they can feast at the taxpayers' tit.
I'm disappointed that Congress has not put the hammer down on this johnny come lately shit. Such a variety of "friends" they have...
Oh, and since the bailout money isn't being used to help strapped homeowners with bad mortgages, they're depending on the same foxes in the henhouse who put out those loans to adjust them in favor of the homeowner. Well, you can bet the mortgage holders are going after the customer with the best credit rating and the best property, i.e., those who really don't need so much help, and the rest of the poor slobs holding adj rates and such, who were lied to and bamboozled because of their lack of understanding of financial matters, will be living in their cars (if they still have them) or on the streets.
RIPWAMU
· 1 year ago
Yes, that is another thing that should be immediately stopped. This is not a time to become a bank in order to dip in the pool. These requests need to be immediately rejected AND perhaps even some legal investigation of fraud should be done.
prochoicelib
· 1 year ago
Watched PBS Newshour last night on the California wildfires. Had an older woman on there who said very calmly that they just lost all their retirement savings in the stock market, and now the fire just destroyed what little they had and now the literally had nothing.
What's going on in the gov't is Thievery. Congress will sit on their asses and claim they can do nothing. We will be beyond bankrupt and Jan 20 the new administration will be trying to sing Kumbaya.
Indigo
· 1 year ago
Those money-grubbing Dutch! You'd think they weren't really friends.
jeffg166
· 1 year ago
Corporate welfare knows no limits.
red_dwarf
· 1 year ago
Excellent title for a book.
The Presidency of G. W. Bush - Gaming the System
The scary part of all of this is that it was planned.
evan_la
· 1 year ago
9-11handed them everything they've wanted for decades on a silver platter. Words, at least polite ones, cannot express my disgust and dismay.
vkobaya
· 1 year ago
Well, now the truth comes out. The so-called bailout was never about saving worthy companies that were too big to fail but simply another Bush ripoff. I suppose we should bless our lucky starts that Bush didn't simply snatch the entire amount which was actually $830 trillion and scoot off for his hideout in Paraguay. With that amount of money, he could have bribed enough of the Merikan military to turn traitor and even arm and defend his hideout when we sent American agents to arrest him. The entire amount of the bailout turns out to be a couple trillion dollars and there are more trillions missing, probably enough to fund the Russian military for years and years, so Bush would have enough to never fear justice from this nation.
My guess is he was too stupid to try to steal it all. Hell, if I had his morals, I would be long gone for Paraguay with the missing trillions. Probably most Republicans and more than a few Democrats would also have just grabbed it all and taken off for Paraguay.
Vicki
RIPWAMU
· 1 year ago
They need to immediately amend the TARP to state that there will be no funds available to institutions after a bank purchase. And, if one of the institutions who have received money go on to buy another bank then they money originally given becomes immediately due. If payback is not received then their licenses or whatever they are called are suspended and they will not be able to do day to day business until that money is repaid.
tbhull
· 1 year ago
Why not American gubment cheese?
AEG is looking to get a thrift o the cheap in order to get some US government cheese after having gobbled up the smoked gouda handed out by the Dutch government. Pass the crackers.
I think treasury should give Aegon some fumunda cheese.
All Comments
Every company which produces nothing but paper and just juggles money, including insurance companies, will all get into the banking business (if they're not already) so they can feast at the taxpayers' tit.
I'm disappointed that Congress has not put the hammer down on this johnny come lately shit. Such a variety of "friends" they have...
Oh, and since the bailout money isn't being used to help strapped homeowners with bad mortgages, they're depending on the same foxes in the henhouse who put out those loans to adjust them in favor of the homeowner. Well, you can bet the mortgage holders are going after the customer with the best credit rating and the best property, i.e., those who really don't need so much help, and the rest of the poor slobs holding adj rates and such, who were lied to and bamboozled because of their lack of understanding of financial matters, will be living in their cars (if they still have them) or on the streets.
What's going on in the gov't is Thievery. Congress will sit on their asses and claim they can do nothing. We will be beyond bankrupt and Jan 20 the new administration will be trying to sing Kumbaya.
The Presidency of G. W. Bush - Gaming the System
The scary part of all of this is that it was planned.
My guess is he was too stupid to try to steal it all. Hell, if I had his morals, I would be long gone for Paraguay with the missing trillions. Probably most Republicans and more than a few Democrats would also have just grabbed it all and taken off for Paraguay.
Vicki
AEG is looking to get a thrift o the cheap in order to get some US government cheese after having gobbled up the smoked gouda handed out by the Dutch government. Pass the crackers.
I think treasury should give Aegon some fumunda cheese.