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View Poll Results: Do you Agree with the AIG bailout? | |
Yes
|     | 6 | 66.67% | |
No
|    | 3 | 33.33% | |
I don't care
|    | 0 | 0% |
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09-17-2008, 02:19 PM
|  | The Gunny | | Join Date: Sep 2007 Location: SoCal
Posts: 770
| |  AIG bailout
Do you agree with the AIG bailout?
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09-17-2008, 02:49 PM
| | Senior Member | | Join Date: Jun 2007
Posts: 535
| |
I dn't know enough about it to say, but what little I have read and heard it is being done with taxpayers dollars so the rest of our investments don't get hurt even more.
But I also heard the government would get a big share of any profits in AIG in the future. Gotta wonder how that would work. |
09-17-2008, 03:00 PM
|  | Senior Member | | Join Date: Oct 2007 Location: San Diego, CA
Posts: 1,083
| |
Yes, but let me qualify that answer.
I HATE that this is the solution... but I'm not sure I see any options given that there's no way a private institution would bail them out. It's just too risky an investment for them. The economic rammifications of AIG's collapse would be global, and they would be devastating.
I don't ever like it when the federal government has to meddle... but when it's necessary, it's necessary.
__________________ ===================== Rob 2007 FXDB San Diego, CA  John 1:14
It is the duty of nations, as well as of men, to own their dependence upon the overruling power of God, to confess their sins and transgressions, in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon; and to recognize the sublime truth announced in the Holy Scriptures and proven by all history, that those nations only are blessed whose God is the LORD.
----Abraham Lincoln |
09-17-2008, 03:17 PM
|  | Senior Member | | Join Date: Oct 2007 Location: Rochester, NY
Posts: 327
| |
Quote:
Originally Posted by BlueBob  Yes, but let me qualify that answer.
I HATE that this is the solution... but I'm not sure I see any options given that there's no way a private institution would bail them out. It's just too risky an investment for them. The economic rammifications of AIG's collapse would be global, and they would be devastating.
I don't ever like it when the federal government has to meddle... but when it's necessary, it's necessary. | +1
Companies should crumble and die if they are run poorly but when they start to carry as much infuence as AIG does its another game. Lets just prey other companies see it as they can be sloppy and can be saved the the govt. |
09-17-2008, 04:24 PM
|  | Member | | Join Date: Nov 2007 Location: Maryland
Posts: 95
| |
I hate to say it, but, it may be time to clean your weapons and count your ammunition!!! Sad but true!! This is only the beginning I'm afraid!! 
__________________  Black Velveteen simple and clean, oh what a mean machine |
09-17-2008, 04:49 PM
| | Senior Member | | Join Date: Oct 2007 Location: San Diego, CA
Posts: 1,083
| |
Ahhhhhhh hahahahahahahahaha!!!! I blame you, Steel.
__________________ ===================== Rob 2007 FXDB San Diego, CA John 1:14
It is the duty of nations, as well as of men, to own their dependence upon the overruling power of God, to confess their sins and transgressions, in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon; and to recognize the sublime truth announced in the Holy Scriptures and proven by all history, that those nations only are blessed whose God is the LORD.
----Abraham Lincoln |
09-17-2008, 04:51 PM
| | Senior Member | | Join Date: Oct 2007 Location: San Diego, CA
Posts: 1,083
| |
Quote:
Originally Posted by Haulen Ass +1
Companies should crumble and die if they are run poorly but when they start to carry as much infuence as AIG does its another game. Lets just prey other companies see it as they can be sloppy and can be saved the the govt. | I'm hoping the fact that Lehman Bros. is facing a painful death will nip that in the bud. Lehman SHOULD serve as a warning.
__________________ ===================== Rob 2007 FXDB San Diego, CA John 1:14
It is the duty of nations, as well as of men, to own their dependence upon the overruling power of God, to confess their sins and transgressions, in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon; and to recognize the sublime truth announced in the Holy Scriptures and proven by all history, that those nations only are blessed whose God is the LORD.
----Abraham Lincoln |
09-17-2008, 04:59 PM
| | Member | | Join Date: Nov 2007 Location: Maryland
Posts: 95
| |
It you can't PAY you can't play!! Goodbye!!
__________________ Black Velveteen simple and clean, oh what a mean machine |
09-17-2008, 05:07 PM
|  | Senior Member | | Join Date: Dec 2007 Location: Missouri
Posts: 1,881
| |
A reluctant yes. It's better when businesses sink or swim without government tampering, but the fallout would probably be too devastating to the economy.
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09-17-2008, 05:36 PM
| | Senior Member | | Join Date: Oct 2007 Location: San Diego, CA
Posts: 1,083
| |
Quote:
Originally Posted by SteelRider Exactly! If these Mega corps can't chew what they bit off then they ought to choke on it | As much as I agree with you, WE are the ones who end up choking on it.
__________________ ===================== Rob 2007 FXDB San Diego, CA John 1:14
It is the duty of nations, as well as of men, to own their dependence upon the overruling power of God, to confess their sins and transgressions, in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon; and to recognize the sublime truth announced in the Holy Scriptures and proven by all history, that those nations only are blessed whose God is the LORD.
----Abraham Lincoln | | |
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