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To: Think4Yourself who wrote (188097)	3/3/2009 8:34:53 PM
From: stockman_scott	Read Replies (2) \| Respond to of 306849

And I have read that each GM job supports 8-10 other jobs in our economy (a much bigger multiplier effect than we see with jobs in the financial firms). The only reason the FED and the Treasury are supporting AIG is that they claim "it's too big too fail" and may actually be a Lehman Brothers on Steroids if it goes down -- lots of unintended consequences may take place and rock the global financial markets when they are most vulnerable. Then again tax payers have already dumped close to $200 Billion into AIG - one would think there must be a better way to stabilize the firm. It's very clear that the financial regulations didn't work to prevent toxic timebombs like AIG and Citi -- they now are basically on life support and wouldn't be alive without all the capital from tax payers.

To: Think4Yourself who wrote (188097)	3/3/2009 9:09:54 PM
From: sspads	Respond to of 306849

I'm swimming in bailout money; where are the sharks?eom

To: Think4Yourself who wrote (188097)	3/3/2009 9:19:04 PM
From: RockyBalboa	Read Replies (3) \| Respond to of 306849

I read through the article and what strikes me is that no one seems to ask the right questions: -Where do the losses come from, exactly? -What does the balance sheet look like? -Are those cash losses or book losses? -How can we stop the bleeding? -How can we safely disarm AIG? How can we force counterparties to gradually closeout AIG positions? -Are three years enough to undo the complete AIG operations -Is there any oversight? Do we have our cops in place? Can we ensure that the money does not get stolen the other day? -Is the AIG London black hole already closed? Any oversight there? -is there criminal conduct? Are the responsible AIG heads already arrested or otherwise, monitored? Are bonuses paid back? They treat AIG like a big black box... no one able to look into it. The perpetrators of the bailout are highly guilty. They let fraud happen and just close their eyes. DISGUSTING finance.yahoo.com Bernanke grilled, lol.