Have I mentioned lately just how DISGUSTED I am watching money being thrown at failed companies?
huh...? have i...? huh...? huh...?
fuck 'em...! these outfits have led us directly down the garden path to financial and economic RUIN and we're rewarding and reinforcing their behavior...??? do we honestly believe for one friggin' second they're somehow going to magically transform themselves into paragons of financial responsibility on the back of u.s. taxpayers...??? i don't freakin' think so...
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The U.S. government threw a new $30 billion lifeline to American International Group Inc on Sunday as the embattled insurer prepared to report the biggest quarterly loss in corporate history.
AIG's board approved a new rescue package that also includes more lenient terms on a government investment in its preferred shares and a lower interest rate on a government credit line, two sources familiar with the matter said.
Details will be announced on Monday when AIG is expected to report a fourth-quarter loss of about $60 billion -- roughly $460,000 per minute.
fuck 'em...! these outfits have led us directly down the garden path to financial and economic RUIN and we're rewarding and reinforcing their behavior...??? do we honestly believe for one friggin' second they're somehow going to magically transform themselves into paragons of financial responsibility on the back of u.s. taxpayers...??? i don't freakin' think so...
Labels: A.I.G., bailout, economic collapse, financial meltdown
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posted by profmarcus at
3/02/2009
