DISQUS

AMERICAblog: Leading US & European banks receive $50 billion from AIG bailout

  • bkmn · 8 months ago
    As long as AIG keeps coming back to the trough to grab more greenbacks to keep them alive the public has a right to know where the money is going.

    Got that Geithner?

    By the way, I am a liberal.
  • bkmn · 8 months ago
    Oh, and by the way, President Obama, that is called transparency.

    Transparency, what a concept!
  • Reason0Politics1 · 8 months ago
    so we bail out aig, so they can pay out to others?... great.

    ya, transparency... forget that..never happen
  • 1970cs · 8 months ago
  • Randall Brotherton · 8 months ago
    WHY does everyone keep saying these companies LOST money? They keep blaming it on bad mortgage loans.
    These companies didn't LOSE this money. A very tiny percentage of their top compensated employees TOOK the money over the last ten years, tens and hundreds of millions of dollars every year.
    Could these corporations had sustained the losses of bad mortgages had their revenue not been drained of hundreds of millions of dollars in revenue raiding salaries, compensations and perqs?
    Instead of taxpayers having to pony up the money to bail their asses out, why aren't THEY having to come up with the money from the hundreds and hundreds of millions of dollars they took from the corporations which put them in the fragile state to not be able to withstand losses?
  • paulbot06 · 8 months ago
    The Bailouts are immoral, cuz they will never stop
  • Where's my bailout · 8 months ago
    They have failed. They are insolvent. Why keep throwing money down those rat holes? It's gone! It will never come back. Whatever is being given to them is not being loaned out. It's being stolen. Those organizations should be closed down period. It's racketeering raised to an art form. All that money could have been used for other things like putting people to work. They could have declared the credit card balances for every U.S. citizen paid in full for less money than this last bailout. If you want to get people spending again that's the thing to do. It would benefit working people directly with the biggest benefit. No more welfare for the people that don't need it.
  • Yellowdogdemenphatic · 8 months ago
    Problem is, the US government has been pumping money into AIG without anyone's knowing who AIG's counterparties really are. That's the first problem that needs attention. If this dinosaue is going to be a ward of the American taxpayer, then we deserve to know where every penny of our money is going. Second problem is the oft-quoted nostrum that AIG is too big to fail. If that's the case, then its hedge fund antics are a growing cancer that threatens to kill us all. What's needed is a radical mastectomy. Let's take these bastards over. Cut out the rot, Sell off what may be sound to people who can manage it, and get on with things. Enough of bleeding the American taxpayers to support an endless illusion and spare the management of AIG the day of reckoning.
  • Gus Smith · 8 months ago
    Does anyone giving the taxpayer money away know that they have the Constitutional authority to do so? Time to place this madness in the context of the Bill of Rights and Amendments to the Constitution. This is wrong!
  • Older_Wiser · 8 months ago
    Only Congress has the authority to spend, and they buckled under the testimony of Paulson that indicated total disaster if the Treasury were not allowed to use taxpayer dollars. I said at the time, who would trust the former CEO of Goldman Sachs? Paulson's loyalty to the financial community should have been a warning to Congress. But what the hell did they care, when it came to protecting their real constiuents, the lobbyists, and their own personal fortunes?