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-   -   Reuters : AIG hires law firm to draw up bankruptcy papers (https://gfy.com/showthread.php?t=855523)

emjay 09-16-2008 06:03 PM
Reuters : AIG hires law firm to draw up bankruptcy papers
 
See http://www.reuters.com/article/newsO...67097420080916

If they go belly-up, it will make the Lehman collapse look lame:Oh crap

Furious_Male 09-16-2008 06:20 PM
Playing chicken with the Fed.

http://www.reuters.com/article/newsO...G1567720080917

Manowar 09-16-2008 06:34 PM
no surprise to see them bailed out

emjay 09-16-2008 06:34 PM
Quote:
Originally Posted by Furious_Male (Post 14766137)
US Tax payers to the rescue!

Sansa 09-16-2008 06:35 PM
Quote:
Originally Posted by Manowar (Post 14766210)
no surprise to see them bailed out
Such a shame, I'd much rather see them burn and lesson learned.

GatorB 09-16-2008 06:40 PM
Quote:
Originally Posted by Furious_Male (Post 14766137)
Not exactly a bailout since the government now owns 80% of them. At any rate notice how the government is taking overall these companies now? State owned companies. Hmmm what does that remind me of?

IllTestYourGirls 09-16-2008 06:40 PM
So do we all get free insurance?

GetSCORECash 09-16-2008 07:29 PM
At 11% interest the government is going to make some money on this loan.

pocketkangaroo 09-16-2008 07:53 PM
Quote:
Originally Posted by GatorB (Post 14766240)
Not exactly a bailout since the government now owns 80% of them. At any rate notice how the government is taking overall these companies now? State owned companies. Hmmm what does that remind me of?
We paid $85 billion for 80% of a failing company worth $10 billion on paper. This is a bailout.


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