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  1. #1
    I trim mangroves..... inothome's Avatar
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    Feds take over AIG, say what??

    Feds pumped (dumped) 85 BILLION in to AIG and now own an 80% stake in the company.

    http://money.cnn.com/2008/09/16/news...ex.htm?cnn=yes


  2. #2
    Rocky_Road's Avatar
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    Karl Marx would be proud....

  3. #3
    AIG sucks!!!
    Did I mention they suck!!!
    switched to AIG a few years back and saw our rates climb rediculously!, I terminated out policy and went with a company we used to have and saved 1100.00, fck AIG, they deserve what they get...

  4. #4
    Site Admin MikeTrin's Avatar
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    I just saved a bunch of money on my car insurance by switching to GEICO.

  5. #5
    dhoad's Avatar
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    Quote Originally Posted by MikeTrin View Post
    I just saved a bunch of money on my car insurance by switching to GEICO.
    damn, I wanted to use that line

    85 billion is a bargain price for 80 percent stake in that company with the revenue it generates. not saying it was the right or wrong thing to do, but the companies assets are worth a lot more than 100 billion. just my opinion.

  6. #6
    YoYamma's Avatar
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    Quote Originally Posted by Pale Rider View Post
    AIG sucks!!!
    Did I mention they suck!!!
    switched to AIG a few years back and saw our rates climb rediculously!, I terminated out policy and went with a company we used to have and saved 1100.00, fck AIG, they deserve what they get...
    Unfortunately, they are getting a nice fat government loan...
    the question is, what would have happened if they didn't?
    What were the Feds so afraid of...
    CNN says, 80% stake in nation's largest insurer to prevent "global financial chaos"...
    http://money.cnn.com/2008/09/16/news...ex.htm?cnn=yes

  7. #7
    Site Admin MikeTrin's Avatar
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    It may have helped AIG but stocks are tanking again this morning. Just as predicted.

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