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Oct 8, 2008

Fed lends AIG an additional $38 billion

The Federal Reserve announced Wednesday it was lending billions of additional funds to cash-strapped American International Group Inc.

Under the program, the New York Federal Reserve Bank will provide $37.8 billion in additional cash to certain domestic life insurance subsidiaries of AIG in return for investment-grade, fixed-income securities.

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sidetracked
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#1
Oct 8, 2008
 

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Here we go again,, Good lord where are we going to end up. How many times do we have to give them party money, Ithink we should all be invited,
Texas Longhorn

United States

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#2
Oct 8, 2008
 

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They must have another party coming up.

“Campaign For Liberty 2008!”

Joined: Jul 2, 2007

Comments: 2677

Columbia, SC

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#3
Oct 8, 2008
 

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Wait, wait, wait -- Did I read this right? An additional $37.8 Billion (on top of the original $85 Billion)? And someone please tell me how and why American taxpayers should be help liable for a failing private business being lent money from a non-government, non-American entity (Fed Reserve) for almost 50% MORE money than what was originally appropriated only 4 weeks after the initial loan?!?

Did I miss somehting here? Uhhhhhh..... Hey Fed, can you go ahead and print me out a couple hundred thousand?!? I mean, since the notes are worthless anyhow... G'mon Bernake, hook me up. I thought we was boys since you want my tax revenue to pay for your shitty money management program and all...

Ugh!!!
Voter

Los Angeles, CA

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#4
Oct 8, 2008
 

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WoW. I am so mad. I went to Mexico and Australia they preferred euros than dollars! I was paying with American dollars and they were laughing at me. LoL I ask why and they said because you have dollars and you have a locoste shirt.They were like now, that the euros is worth more than the dollar, we preferred something that has a value rather than something that doesn't. Everyone that is a tourist in Mexico and Australia they all pay with euros. We are in big trouble. Instead of giving away this money to AIG, we should invested in our people and be more competitive and have better lives!!!
sidetracked
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#5
Oct 8, 2008
 

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Yeah you heard it right unfortunately, We are all in trouble , especially if we allow this mess to continue, but what can we do?? I am game...
Lance Winslow

Union City, CA

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#6
Oct 8, 2008
 

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The Bush administration is on a binger to spend it's way into the history books.
Jhon

San Diego, CA

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#7
Oct 8, 2008
 

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You got to be kidding me! WTF.. I guess since it's not their(AIG)'s money they might as well party with it. If we the people are sucker enough not to complaint to our politician and let this type of behavior go on they might as well try to get what they can. We must be to afraid to know what the alternative is if we dont bail all these leeches out. I said lets find out and let them all fail..
Just make me mad..

“Assistant Regional Manager ”

Joined: Mar 1, 2008

Comments: 309

Saint Louis, MO

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#8
Oct 8, 2008
 

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Maybe a second Civil War is possible. This shit is crazy.

Joined: Dec 8, 2006

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#9
Oct 8, 2008
 

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Congress did not listen the first time we said NO!
now there doing it again what do we have to do to make these jackasses listen to us. We The People need to vote everyone out of congress that is up for re-election and start over again to hell with these jokers democrats and republican alike we need to send a message to these crooks.
newanarchy

Dallas, TX

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#11
Oct 8, 2008
 

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SpadeHeart wrote:
Maybe a second Civil War is possible. This shit is crazy.
I say lets build the guillotines and charge Washington.

Joined: May 23, 2008

Comments: 3147

Monterey Park, CA

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#13
Oct 8, 2008
 
Voter wrote:
WoW. I am so mad. I went to Mexico and Australia they preferred euros than dollars! I was paying with American dollars and they were laughing at me. LoL I ask why and they said because you have dollars and you have a locoste shirt.They were like now, that the euros is worth more than the dollar, we preferred something that has a value rather than something that doesn't. Everyone that is a tourist in Mexico and Australia they all pay with euros. We are in big trouble. Instead of giving away this money to AIG, we should invested in our people and be more competitive and have better lives!!!
Our country is being sacrificed and the sheeple are being led to the slaughter in the form of slavery because our children won't even be able to pay down all this debt that's going to fat cat's.
karmagirl

Duluth, MN

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#15
Oct 8, 2008
 

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If the taxpayers are going to fund the "bail-out" what do we get in return? Senate & House: earmark this onto your next bill...NO BANK CAN CHARGE MORE THAN 5% ON ANY CREDIT CARD! And make that retro-active please. I am serious.

“KISS IT ILLEGALS”

Joined: Nov 11, 2007

Comments: 1325

OKC

ISP: Oklahoma City, OK

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#16
Oct 8, 2008
 

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How the Wall Street Gambling Gangbangers set up and ripped off America. It was all about betting on when the American people would get angry enough to start insisting that our government enforce our immigration laws and send them packing back home. Or wheter they would get to stay long enough to pay off their bad loans, which many of them were losing even before they started enforcing our laws. And global free trade made all this possible:

http://www.cbs.com/thunder/player/thunder.php...

“V”

Joined: Sep 23, 2008

Comments: 29

Saint Paul, MN

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#17
Oct 9, 2008
 

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hmmm, I guess those AIG execs wanted to extend their california resort vacation and get more spa treatments.
More of GOP is Dangerous

Houston, TX

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#18
Oct 9, 2008
 

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Wall Street Terrorists in Armani suite , that hijack the Economy and demand ransom of Trillions of your tax dollars also known as "bailout" is Dangerous!
GOPs DE-REGULATION that enables the Wall Street Terrorists to get away with this CRIME is Dangerous!
GOP Plans to DE-REGULATE health insurance industry next is Dangerous.

“THE GAME IS RIGGED”

Joined: Oct 18, 2007

Comments: 191

Monroe, LA.

ISP: Arcadia, LA

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#19
Oct 9, 2008
 

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The game is rigged...
leo from shanghai

Warrensburg, MO

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#20
Oct 9, 2008
 
AIG was into CREDIT DEFAULT SWAPS. these were called SWAPS instead of insurance so they wouldn't be regulated. so AIG insured(swaps) high risk subprime mortgage paper and got burned. AIG employees were paid $1,000,000.00 per year to sell CREDIT DEFAULT SWAPS. sec chairman chris "clueless" cox is shocked about high risk SWAPS gambling. HECKUVA JOB BUSHIE!
Son of Liberty

Benicarló, Spain

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#21
Oct 9, 2008
 

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And these ceo´s where having parties and spending thousands the day after the bailout ,was on the t.v. here........sick very sick the people where right about the bailout for a NO vote but the senate said yes with lots of pork and hidden taxes,then the congress voted both democrats and republicains throw them out in november...thrid party now...
Son of Liberty

Benicarló, Spain

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#22
Oct 9, 2008
 
Billions for the Bankers debts for the people....infowars.com
Son of Liberty

Benicarló, Spain

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#23
Oct 9, 2008
 
Usary is to in slave the common people to control them---------slaves to debt to keep you down.....
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