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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (417508)9/17/2008 6:02:38 AM
From: Road Walker  Read Replies (2) of 1579728
 
American International Group will get an $85 billion bridge loan from the federal government in exchange for an 80 percent stake in itself, sources have told CNBC.

I actually think the taxpayers got a good deal here.

But my 'conservative side' is freaking out with the US government becoming a major player in both the mortgage market and the insurance market. Those who profess to fear 'socialism' over nit picking little regulatory issues ought to be howling... what you are watching is a nationalization of a significant percentage of the financial markets.

Far more 'socialist' than anything I could have imagined. This is about as un-capitalist as you get.
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