The FED Saves AIG.......Yipee!

[Mega]

http://www.bloomberg.com/apps/news?p...CeM&refer=home

In a bold if not Daring move Hank Paulson snatched AIG from the jaws of death today. His cunning plan involed a massive Decoy plan to make people belive that FED was NOT ON PAIN OF DEATH going to bale.....................then he did!

Back up shorty arrived in the Form of other CB buying $ & the PPT knocking the Dow up 150 points............

Well Done Hank, same time tomorrow?
Mike

[The Outback Oracle]

Re: The FED Saves AIG.......Yipee!

http://www.bloomberg.com/apps/news?p...CeM&refer=home

In a bold if not Daring move Hank Paulson snatched AIG from the jaws of death today. His cunning plan involed a massive Decoy plan to make people belive that FED was NOT ON PAIN OF DEATH going to bale.....................then he did!

Back up shorty arrived in the Form of other CB buying $ & the PPT knocking the Dow up 150 points............

Well Done Hank, same time tomorrow?
Mike

F..K me!
Geez you got to wonder what the poor bastards at Lehman did to upset Hank and his mates? NOt enough donations to the Republicans or something?
This gets weirder every day!

[Mega]

Re: The FED Saves AIG.......Yipee!

Here's WHY:-
https://www.kitcomm.com/showthread.php?t=23260
A Run had started in Asia!
Mike

[pwcmba]

New thread needed - BREAKIN' the buck!

WOW - Breaking the buck will have some consequences!


http://tinyurl.com/6jv8zv


On top of that - frozen funds!

[ASH]

Re: The FED Saves AIG.......Yipee!

http://www.bloomberg.com/apps/news?p...CeM&refer=home

In a bold if not Daring move Hank Paulson snatched AIG from the jaws of death today. His cunning plan involed a massive Decoy plan to make people belive that FED was NOT ON PAIN OF DEATH going to bale.....................then he did!

Back up shorty arrived in the Form of other CB buying $ & the PPT knocking the Dow up 150 points............

Well Done Hank, same time tomorrow?
Mike

The kid in me is appalled by the socialization of private risk, but the adult in me is pleased because that will hasten poom!

(Did they ever run frosted wheat cereal commercials in the UK with the catch phrase "the kid in me likes...."?)

[Tulpen]

Re: The FED Saves AIG.......Yipee!

Another bailout, this was absolutely the wrong thing to do.

It looks like the US federal reserve and the treasury is not willing to get its house in order. Now just sit and watch the rest of the world do it for them. I am convinced the dollar will crash hard in the next few weeks.

[LargoWinch]

Re: The FED Saves AIG.......Yipee!

Another bailout, this was absolutely the wrong thing to do.

It looks like the US federal reserve and the treasury is not willing to get its house in order. Now just sit and watch the rest of the world do it for them. I am convinced the dollar will crash hard in the next few weeks.

Allright. Frennie is out (:eek. Bears is bail...out. Lehman is sleeping with the fishes. Merrill decided to sell its body for some BOA love...

...so fair to say that a neutron bomb landed in NY.

BUT why in hell gold remains so depressed? Its barely moving.

Oh I get it...its all those gold watches being returned. NM.

[jtabeb]

Re: The FED Saves AIG.......Yipee!

Allright. Frennie is out (:eek. Bears is bail...out. Lehman is sleeping with the fishes. Merrill decided to sell its body for some BOA love...

...so fair to say that a neutron bomb landed in NY.

BUT why in hell gold remains so depressed? Its barely moving.

Oh I get it...its all those gold watches being returned. NM.

Go to bulliondirect.com and see what they have that is deliverable, NOTHING!!!! Kitco is a lying bunch of scumbags, don't know anyone that has gotten delivery in the last couple of weeks. You figure it out from there.

[icm63]

Re: The FED Saves AIG.......Yipee!

Next are


Wachovia
Wamu
HSBC (USA)
UBS (USA)

FED: Get your $100 Bn loan here, 2 for 1, summer sale on now !

[Slimprofits]

Re: The FED Saves AIG.......Yipee!

Next are


Wachovia
Wamu
HSBC (USA)
UBS (USA)

FED: Get your $100 Bn loan here, 2 for 1, summer sale on now !

And CitiGroup?

[Chris]

Re: The FED Saves AIG.......Yipee!

(Did they ever run frosted wheat cereal commercials in the UK with the catch phrase "the kid in me likes...."?)

Frosted wheat cereal? They are a delicacy in the UK (or they will be soon). Only the super rich will be able to afford them. Better not tell the public about that one

[Supercilious]

Re: The FED Saves AIG.......Yipee!

Yey for us !!! The Fed did it. One more bailout:

http://www.bloomberg.com/apps/news?p...Z_o&refer=home

Sept. 17 (Bloomberg) -- American International Group Inc. averted the worst financial collapse in history by accepting an $85 billion federal loan and giving the government a majority stake.
The U.S. reversed its opposition to a bailout of AIG, the nation's biggest insurer by assets, after private efforts failed and the Federal Reserve concluded that ``a disorderly failure of AIG could add to already significant levels of financial market fragility,'' according to a Fed statement late yesterday.
``It's an enormous relief,'' said David Havens, credit analyst for UBS AG in Stamford, Connecticut. ``Nobody really knows what it would have meant if they would have been allowed to fail, but there was an enormous amount of systemic risk. The problem was, nobody really knew how bad it could have been.''
AIG gives up a 79.9 percent stake to the government and senior managers including Chief Executive Officer Robert Willumstad, 63, will give up their jobs. Retired Allstate Corp. CEO Edward Liddy, 62, will be AIG's new leader, according to a person familiar with the plans, who declined to be identified because the change hadn't been formally announced. Allstate is the biggest publicly traded home and auto insurer in the U.S.

Tomorrow I'm going to max all my credit cards and every lien of credit, get the cash out and go to a casino.

If I hit the jackpot I'm set for the rest of my life. If I loose everything no problem. I'll call Ben and asked for a bailout... I may have a problem to get a hold of him because the (free cash) line may be very busy these days