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-   -   Gubment Sales Shares of AIG. (http://www.thewarpath.net/debating-with-the-enemy/50768-gubment-sales-shares-of-aig.html)

12thMan 12-12-2012 10:18 AM

Gubment Sell Shares of AIG.
 
TARP was a wild success:)

[url=http://dealbook.nytimes.com/2012/12/11/treasury-earns-7-6-billion-from-sale-of-last-shares-in-a-i-g/]Treasury Earns $7.6 Billion From Sale of Last Shares in A.I.G. - NYTimes.com[/url]

Mattyk 12-12-2012 09:08 PM

Re: Gubment Sales Shares of AIG.
 
Thanks for saving my job Merica

firstdown 12-12-2012 09:58 PM

Re: Gubment Sales Shares of AIG.
 
Gracias Ame'rica

That Guy 12-13-2012 12:27 AM

Re: Gubment Sales Shares of AIG.
 
23billion in profit during government ownership. maybe every now and then we can do something right.

HailGreen28 12-13-2012 10:28 PM

Re: Gubment Sell Shares of AIG.
 
[quote=12thMan;974698]TARP was a wild success:)

[url=http://dealbook.nytimes.com/2012/12/11/treasury-earns-7-6-billion-from-sale-of-last-shares-in-a-i-g/]Treasury Earns $7.6 Billion From Sale of Last Shares in A.I.G. - NYTimes.com[/url][/quote]We made a profit on some banks and insurance companies (AIG), but [U][B]we're still billions in the hole on TARP[/B][/U]. And while long term we should make back the money (not counting that these were interest-free loans) on the financial institutions, there still better than even odds we don't make back our money from GM, Freddie Mac, and Fannie Mae. [B][U]Overall on the bailouts, we're currently about $156 billion dollars in the hole.[/U][/B]

If this is what you call a "wild success", 12th, I don't want to see what you call a failure.

[URL="http://www.marketplace.org/topics/business/keeping-tabs-bailout"]LINK1[/URL] [URL="http://projects.propublica.org/bailout/list"]LINK2[/URL]

Keep in mind, this was a case of increasing the money supply, giving corporations interest-free loans with said money, profiting on speculation, then giving said paper profit back to the government. Funny how since Obama continued what W started, propping up corporations isn't considered evil anymore...


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