Max: More Petty Cash For AIG's Next Retreat
The Federal Reserve Board said Wednesday that it would provide up to $37.8 billion to the embattled insurer the American International Group to help it deal with a rapidly dwindling supply of cash.
More @ NYTimes.com
More @ NYTimes.com
posted by Max Dobberstein at 10/09/2008 10:14:00 AM
11 Comments:
10 trillion dollar debt but we're giving 37.8 billion to a "private" business... mmmmmmmkay.
Well now they are talking about the government taking over some banks to keep them from falling into the shitter.
Yes. Yes! Let's have the government run the banks. There's no greed or avarice there!
I love it. Years of Reppies screaming that they don't want big government or socialism - and here we are!
Welcome, Comrades! We are now one, giant, RED state! I think the sickle, hammer and stripes will make for a great flag!
We'll make a fortune on lapel pins!
The anti-government rhetoric is being shown for the lie it was. They love the government when it was making their lives better, which it has been doing for a while. It is just the first time they were forced to do it while under intense public scrutiny.
Better dead than RED!!!
If something doesn't reverse the current economic course, those may be our only options.
I bet one could still get rum and pot in Jamaica. Shall I meet you there?
I was thinking either BC or Amsterdam.
Of course, if I moved to BC I would have to learn English.
If the shit really hits the fan, and, I think it just might, do you think Canada and Europe are going to survive any better than the US?
Possibly. They are not as averse to dabbling in socialism when necessary. And even if civilization collapses, I think it would be better to be someplace where most of the locals don't look upon the Mad Max movies as a good model for life post-apocalypse.
Why do you think I picked Jamaica? No lights, no roads, no motorcars. Just bobsleds!
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