Great News! Only about 25 Years to Go Until AIG Finishes Paying Us Back! - GoFuckYourself.com

epitome · 08-07-2009, 12:32 PM

Remember before the go-go days of lax regulations when a huge company could go years in the red before coming into the black again?

Well, we're not even out of the "biggest recession since the great depression" and we're already seeing these companies we bailed out post huge profits.

Today it was AIG. They had a profit this quarter of $1.8 billion. Thanks to some accounting rule changes, oh, and I guess that bailout.

As the biggest shareholder of AIG, the government gets $1.5 billion of that. Well, at least we get it until Geithner comes up with an excuse it give it back to them.

So at four quarters per year, isn't that like 25+ years until we recoup our initial investment, without the interest we'll pay on that money we borrowed as taxpayers in the first place?

Fletch XXX · 08-07-2009, 12:35 PM

theyll start another war and spend any profit before anything gets paid back ;)

PR_Sebas · 08-07-2009, 01:30 PM

Quote:

Originally Posted by Fletch XXX

theyll start another war and spend any profit before anything gets paid back ;)

What he said. You'll never see that money again. Not even your kids, kids will.

08-07-2009, 12:32 PM	#1
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,158	Great News! Only about 25 Years to Go Until AIG Finishes Paying Us Back! Remember before the go-go days of lax regulations when a huge company could go years in the red before coming into the black again? Well, we're not even out of the "biggest recession since the great depression" and we're already seeing these companies we bailed out post huge profits. Today it was AIG. They had a profit this quarter of $1.8 billion. Thanks to some accounting rule changes, oh, and I guess that bailout. As the biggest shareholder of AIG, the government gets $1.5 billion of that. Well, at least we get it until Geithner comes up with an excuse it give it back to them. So at four quarters per year, isn't that like 25+ years until we recoup our initial investment, without the interest we'll pay on that money we borrowed as taxpayers in the first place?

08-07-2009, 12:35 PM	#2
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	theyll start another war and spend any profit before anything gets paid back ;) __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me