AIG - Things are so bright I got to wear Shades

[thunderdownunder]

http://www.reuters.com/article/2011/...13584220110311

Show me my Money - Suckers- because something is definably wrong on so many levels with this, its making the hair on my behind worry for its future existence.
A company that is 92% owned by the taxpayer wants so desperately to buy a turd back from its self. -Right got that bit. Timing the announcement (7.30pm) some 6hrs after my underwear was badly stained by the market,makes me think I have crossed over to an alternative World.

[thunderdownunder]

Re: AIG - Things are so bright I got to wear Shades

It is a foolish man who answers his own questions but.....LOOK
I went and had a stiff scotch on the front porch and had an epiphany.
First the scam was uncovered and the usual suspects scrambled into action.
Paulson went for Blackmail and the throat of the US administration.
then they got into Bribery of the TBTF,s
Then as you do, came the payola to friends and cohorts
then the usual "hide or destroy all evidence" in any place away from prying eyes.
Then they launched the Numbers game on the stockmarket ramping anything with the money they created.
Now can you NOT see the MOB have gone into money laundering. Your money.
Justice is not only blind but deaf, dumb and paralyzed.

[thriftyandboringinohio]

Re: AIG - Things are so bright I got to wear Shades

[url]...A company that is 92% owned by the taxpayer wants so desperately to buy a turd back from its self...

Not quite.

The private Federal Reserve Bank owns the turd.
It bought the turd from AIG.

Taxpayers, through the US Treasury, own AIG today. Taxpayers/Treasury Dept/AIG has become convinced that the turd is a valuable asset, and are willing to buy it back, paying more for the turd today than they received when they sold the turd to the Fed.

Apparently, the taxpayer-owned AIG and our Treasury department think it is a good business strategy to sell and repurchase giant turds, even when they sell low and buy high.