Comments on: U.S. Announces $85 Billion Bailout Of AIG

Federal Reserve Makes Emergency Loan To Keep Global Insurance Giant Afloat, Avoid Deepening Financial Crisis

[whatithink1]

joule3,

This has nothing to do with liberal policies, but your white sheets are showing. Blame minorities, not the bankers. NOBODY forced a banker to give a $800K home loan to a $17K a year strawberry picker. This is all in your head.

Warren Buffett has been making loans to low-income people and he has avoided this mess. How? He keeps the loans on his books and consequently does NOT give more than 3-4x the salary of a perspective home buyer.

What caused this problem was greed. The bankers didn''''t keep the loans on their books, so they were focused on short-term profits...to make huge bonuses.

You GOP guys lack the ability of self-reflection. The truth is staring at you in the face, but you can''''t handle it.

[whatithink1]

joule3,

This has nothing to do with liberal policies, but your white sheets are showing. Blame minorities, not the bankers. NOBODY forced a banker to give a $800K home loan to a $17K a year strawberry picker. This is all in your head.

Warren Buffett has been making loans to low-income people and he has avoided this mess. How? He keeps the loans on his books and consequently does give more than 3-4x the salary of a perspective home buyer.

What caused this problem was greed. The bankers didn''t keep the loans on their books, so they were focused on short-term profits...to make huge bonuses.

You GOP guys lack the ability of self-reflection. The truth is staring at you in the face, but you can''t handle it.

[brundage3]

Senato McCain has called for a "Commission in the fashion of the 911 commission"to be set up. He says in one moment in the past 24 hours that "the fundamentals of the american economy are sound."The next moment he says "we have a very real crisis."and in the next he says WHAT HE MEANT WAS, the funsdamentals are our workers and the capitalist system. Sure.

Hoover said on the day after the market crash, that "business"was "sound."

Hoover and McCain. Very good and decent men. But the grasp of the fundamental needs oif the American people? Their grasp of the kind of quick yet thorough thinking needed to govern? Not there.

Not all good men are good leaders. Not even all good military officers are good leaders for government. Grant comes to mind.

[whatithink1]

McCain voted like Bush 95% of the time and 100% of the people behind Bush are behind McCain.

Makes you say NO MORE.

[eddom949]

$85 Billion? The figure was $85 million yesterday. And look on the front page of this site, $85. AIG isn''t worth a cent. This is a frivolous waste of taxpayer money, it''s not even legislatively justified! How can the non-elect seize approximately $300 from every citizen in the Nation without a vote!

[n8yvn29]

WHEN WILL IT STOP? We were warned before Bush took office in 2000 that every business he had been involved in, he had run into the ground. Did we have the right to expect anything else with him at the controls of our economy? And McCain has supported Bush%u2019s economical blunders 95% of the time!!

[airon01]

The US is 10 Trillion in debt right now. The FEDS are not part of the US government, but wealthy banks that run the world. Ofcourse, they would loan the US this $85 Bil...they have been putting us all under for a long time. There are 23,000 people a week filing bankrupcy, and people that can''t pay their mortgage....this is every single week, how could people pay off this 10 Til., never mind the $85 Bil.? We can''t. The Feds just keep going in the back-room making more money. The inflation will
just get worse. Our dollar is only worth 79 cents right now. The people in this gov''t don''t care. They have the money to just leave and go somewhere else. Most don''t have this luxury. All I can say is to put you money in Euros or the Pound if you have money.

[airboatboy1]

I remember Bush saying just a few months ago the economy was fine. He surely wasn''t lying, was he?

[oneworldusa]

The government needs to quit bailing out ''financial institutions'' run by thugs with no idea how finance works. However, the flip side to that is, the big guys will be fired, but others will keep their jobs.

Also, I think insurance companies either ''have'' to be purchased by someone else or be taken by the government. I don''t think insurance companies are just allowed to ''go under'' due to the nature of their business.

[oneworldusa]

AIG''s website still touts on its archive news page as of January, 2008 that it was deemed one of the 100 most sustainable companies globally. Um...who paid whom off to make THAT list, eh?

Also, nowhere could I find AIG''s insurance ratings from Moody''s, S&P, etc. Usually any company with a rating it would be proud of would paste that all over the web and nearly any literature it puts out. So, if your insurance company is afraid to advertise what it''s ratings are, you may want to inquire and investigate.