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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Bald Eagle who wrote (9405)3/17/2009 10:30:29 AM
From: DuckTapeSunroof  Respond to of 103300
 
Re: I said "they should have let it go bust"

I also believe that Bush should have done that.

But he and Hank Paulson didn't... and *now* the American public OWNS 80% of American International Group (formerly the LARGEST INSURANCE COMPANY in the entire world, and still really, really big).

And we --- the taxpayers --- have already paid $170 Billion dollars for that 80% ownership of AIG... most of what we bought was preferred stock that is paying 8% annual dividends back to the US Treasury.

So, at this exact point in time, I am of course AGAINST flushing that $170 Billion Dollars down the drain --- I want the taxpayers to get paid back... I want us to turn a PROFIT on the whole thing... if at all possible!