“AIG reports third-quarter record loss of $24.47 billion”
And as a reward Americans give them future tax dollars and no one goes to jail. What a joke. By the way, Losses are only greater than expected by a factor of 10x. That’s not a loss. That’s an Enron type collapse. The loss just get 10 times [...]
The latest AIG bailout just ridiculous, This sends a message to all large Corporations to go ahead and make stupid decisions. We’ll bail you out!!! We’ll throw a TARP over it and nobody will see.
“The Treasury will invest $40 billion in preferred shares of New York-based AIG under the new Troubled Asset Relief Program [...]
By Hugh Son
Nov. 9 (Bloomberg) – “American International Group Inc., the insurer bailed out by the U.S., may get lower interest rates and more time to repay its debt in a new government rescue package valued at more than $150 billion.”
“The U.S. will revise the original $85 billion loan that saved the New [...]
“American International Group Inc. is expected to report third-quarter loss of 90 cents a share, according to analysts surveyed by Thomson Reuters.
Leading industry analysts have said that turmoil in equity and credit markets has been hampering AIG’s efforts to sell some of its businesses, a crucial part of the insurer’s plan to repay billions of [...]
AIG is a conduit to funnel taxpayers dollars to the banks. Once that is accomplished, they will let it crumble to oblivion.
I doubt whether this market has truly absorbed bankruptcy for GM, Ford, AIG and more bankfailures but I do agree that to a certain extent, this market has become resillaint to negative news. [...]
on top of the $85 billion we gave them in round 1, and the $35 billion that followed? Surely somehitng will be announced tomorrow before Asia opens or Monday before market open at the latest. Just this week’s trick to keep the market propped up (afterall, the whole purpors of the governemnt is to please [...]
GM needs 75 billion more this year. AIG wants who knows what next. The banks all want more 100’s of billion more. The other insurers want bailout money. The major home builders want bailout money. This is insane.
SAN FRANCISCO (MarketWatch) — American International Group Inc. reportedly is seeking a new bailout from the U.S. government [...]
It seems to be an almost universal truth that before things can get better, they have to get worse …
“Every time there has been a severe crisis in the last six months, people have said this is the catastrophic event that signals the bottom. They said it after Bear Sterns, after Fannie and Freddie, after [...]
WASHINGTON (MarketWatch) — The Federal Reserve had bought $144.8 billion in commercial paper as of Wednesday, bringing the total funds provided to the financial system to $922 billion, the Fed reported Thursday. In addition to the new commercial paper program that began Monday, the Fed extended $301.4 billion in term auction credit to banks, $110.7 [...]
Thursday, October 30, 2008 12:32 PM
From:
“Mortgage Fraud Conference”
3rd Annual,Mortgage Fraud Conference
November 13-14, 2008
Location; The Rio Suites/Hotel and Casino; LAS VEGAS!
FEATURED SESSION
Myriad of Scams
Friday, November 14 ¦ 10:45 AM
Don’t miss this opportunity to hear representatives from both Fannie Mae and Freddie Mac as they discuss the following:
* Update from the GSEs on what types of fraud [...]
Since the Government and Taxpayers now own Fannie, Freddie, interest in AIG, and banks I believe this plan is Feasible. Also,
Since Obama plans Cabinet Position in Technology, including Internet and Automation, this idea should be used to reduce Mortgage costs.
FIRST Obama Technology Project, help restore Middle Class and stop “Homeowner Walkaway Crisis!”
FIVE [...]
Value of WaMu debt set at 57 cents on the dollar
Sellers of default protection on bankrupt thrift to pay 43 cents on the dollar
By Alistair Barr, MarketWatch
Last Update: 10/23/2008 3:48:00 PM
SAN FRANCISCO (MarketWatch) — An auction set the value of Washington Mutual
bonds for the huge credit default swap market on Thursday.
The auction set the value [...]
DOW JONES NEWSWIRES
The Federal Reserve and other U.S. authorities “didn’t have the powers” to save
Lehman Brothers Holdings Inc. (LEHMQ) from collapsing last month, Treasury
Secretary Henry Paulson told the New York Times in an interview published
Thursday. He said the toxicity of much of the billions of dollars in assets on
its books deprived Lehman of collateral needed [...]
Posted Oct 15th 2008 10:20AM by Peter Cohan
Filed under: Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Amer Intl Group (AIG), Financial Crisis
The financial crisis is not over. If things were back to normal, banks would be lending to each other and to businesses and individuals. But measures of bank lending risk [...]
SAN FRANCISCO (MarketWatch) — American Insurance Group said late Wednesday it
has received a letter from New York Attorney General Andrew Cuomo’s office
regarding a probe into the company’s expenditure and said it will cooperate
fully. “On October 10, we issued a clear directive ending all activities that are
not essential to the conduct of our business. We will [...]
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