Can you say double dipping on the tax payers dime???

Do you think AlG is just paying on the defaults it insured? Were these banks just on the other side of the trade? AIG bet wrong and these banks bet right, so they are bailing out AIG to make good to the other banks it owed money to? If AIG didn't pay back these other banks, then these other banks might have to take more right offs and if it kept happening they might go under. Were CDS's, CDO's and MBS's bigger than the World's GDP, and if so how do you bail out or save something so enourmous? Forget too big to fail and start thinking too big to bail.

I meant "write offs" not "right offs" :)

First let's try 9 European banks, one on your list is not European, an it ain't a U.S. one either. I'll give you a hint - it's 140 years old.
Besides, what happens with AIG is going to prove moot. It is like the rest of this whole damn mess - everything is always on the TV and not the radar. My radar still works and the biggest financial crisis is coming and it is bigger than AIG, Merrill, Goldman and Bear Sterns put together.
When are you pundits going to wake up? One third of this world is collecting a retirement check and one half of the plans were underfunded when the stock markets were riding their highs. Any jackass can figure out that the majority now have big loses and the markets are still dropping. How long do you think it will take before these funds start going under? Maybe we should put 800 billion or so into the Federal Pension Guarantee - it's going to be needed.

Don't you love be lectured about bailouts by the German's and the French.

Follow the money, the crisis Hank was worried about was his stock in goldman. These idiots have gambled recklessly and expect us to pay for their losses.

An American Senator has predicted riots against those bankers, calling it "Katrina on steroids". As America is drained of money, jobs being lost, I should hope those bankers avoid being in the states unless they have a phalanx of good bodyguards - the customer feedback I get from the dollar store I run is that they would sooner "liquidate" the bankers versus their assets - by summer I am afraid this may just come to pass.

I got a good story for you all AIG,Troy Aikman Ford,Randall Reed"s Prestige Ford and Allstate Insurance all conspired to defraud me in an insurance claim I had arising out of an accident that I was broadsided in passing through Dalls,TX. Yes I did also say Troy Aikman Ford the dealership that the former Dallas cowboys quaterback owned can closed dow last year. I took my truck to have frame and other body work estimated and repaired by either Allstate the party at fault or fixed by my own insurance AIG. Randall Reed's to me there was nothing wrong with the frame,but refused to write it down on any paperwork and their two almost non english speaking machanics who did the frame measurements could not explain why the gas tank on the truck was laying against the frame or that the rear axle was off from right to left. By the way I also showed them my previous estimate that already showed that positively the frame was bent and they still insisited,and so did the shop person who was trying lets say way to hard to make me go away and not ask anymore questions. I went to this dealership at Aig's doing and when I got their they said high to the claims adjuster and like they were best friends and called him by name. The shop made a comment "hey long time no see" I thought why would that be since there are so many accidents in Dallas everyday. I suspect that Randall Reed's Ford gave Aig an estimate some time ago that Aig didn't like and that didn't favor their wallet,so Aig hadn't taken any business back to them lately as punishment. I now had my original and Randall Redd's opinion and both were different,so I decided to take it to Troy Aikman's. The Aig adjuster called me the next morning early and right before I was to taking the truck to Troy's and when I told him I thought Aig was in bed with the previous dealership and I was being lied to, he said which dealership was I taking it to he would meet me over there. I refused to tell him as to avoid him telling the dealership to screw me again if he knew them and I had very good reson to believe he would know Troy's because it sits 1/2 mile from the 20+ story main Aig building in Dallas. The adjuster kept calling every 30min asking if I had dropped it off yet and if so where. I told him as I pulled into the lot that I was at Troy's he said he would be right over. Boy he didn't lie he came peeling into the parking lot as I was leaving after dropping off the keys and he said high to me and went tearing into the building and into the body shop managers office and they closed the door as I got in my rental car and left. Troy's keep my truck two days more than they said I suspect on purpose also because Aig knew I was paying all my expenses plus rental car out of my pocket. By the way I was stuck in Dallas for over 4 weeks total. Back to the story. Troy's told me there was no frame damage and the bodyshop manager was also acting weird just like Randall Redd's when questioned. He finally said after I wouldn't take his lies that nothing was wrong with the truck and he said it must be something wrong with the gas tank,by the way the tank can't move the brackets aren't adjustible because it mounts right next to the frame rails. Tory's said the bent door,the frame damage,the bed damage and the 10+ other problems must me a mechanical problem and it would have to go to the mechanic not the body shop. He said they were way to buisy to look at it in the mechanics shop at least a week out if not two. This after I asked prior to bring truck in because I want to get out of texas and I'm paying my own way at this stage in the claim they had told me they weren'y buisy when I took it in. They said there wasn't much they could do for me. You also need to know as readers. Troy's gave me a frame machine print out of the measurements with no notes or findings on it and remenber they refused even though they said it wasn't bent to write anything on the paperwork and I paid for this frame estimate not AIG. I took the paper measurements that don't mean crap to me because I don't know how to read them to three other shops from new ones to my original shop who first told me the frame was bent and they all said that it shows right on Troy's paperwork that the frame is bent in three places. All the shops told me the same thing on how to read one of the type of frame machine print out from Troy's since it has the frame machine type and model printed right on the paperwork. I new right then that Aig #1 probably told them that I was from out of town as did myself and that I would never be comng back their way. I also suspect that Aig knew that Troy's was closiing its doors in two months after I was there. I just picked a dealership that I had now idea wouldn't be around next year. In the end Aig said there was no frame damage then said we agree there is frame damage after meeting at my first shop then Aig said we are still not going to pay because we believe it happend in some other accident. I gave Aig the fax number at my motel and told them to fax over the proof since I positively know this to be a lie. Aig's claims adjuster said "Oh we don't actually have any proof this is just our opinion" and denied payment or repairs. I immediatley asked for a denial letter to go hire an attorey and Aig refused to prvide one as required by state insurance laws. Allstate the carrier who caused the accident who was also trying to not pay me said they talked to my insurance company Aig and since they said the frame damge happend in some other crash Allstate liked Aig's position and refused repairs also. Don''t forget Allstate refused to even look at the frame or give me a denial letter and Aig also has refused to this day to give me a denial letter. If any one knows a very good trial attorney in Dallas,Tx I need one. If anyone is a former or current claims adjuster for either AIG or Allstate and is familiar with their fraudulant claims practices and would be will ing to go to court and testify please contact me at suprg1969@aol.com

Welcome to the NEW World Order folks!
We are on the way to a One world Currency and Government. The Bailout only kept the status quo. Because these banking cartels control our media and our government we were told the bailout was to save the banks, WRONG. it was a scheme to enslave us, our children and grandchildren even more to the banks. Believe me, these elitists don't give a damn about you. This scheme will eventually collapse our currency and the next step is to abolish our constitution and form the NAU (North American Union) with Canada Mexico and The US as members. Our NEW currency will be the AMERO already being minted in Denver. If there is dissent, there are 600+ FEMA concentration camps waiting with OVENS and gas chambers armed with Blackwater guards. The final plan is to exterminate 5.5 billion people in the world and leave only a select 1/2 billion to be microchipped and concentrated into pre-selected cities in the United States. The Verichip is made by IBM who made early computers for the NAZI's during WWII to keep track of the Jews about to be exterminated. History repeats itself on a Global Scale!

Maybe Paulson should share a cell with Madoff.

You voted this bastard in thinking you would be getting big hand outs now waht are you going to do now that he has the control will the noose fit your neck ???

Buy stock in ink that is used to print money....No Gold standard then all the govt is going to do is print, print and print money.

I still CANNOT believe you people believe in the stock system. Let me explain. I start a business, I make something. YOU buy it. you like it . you want more. I ask you to pay in advance. you pay. I DONT DELIVERY AT PRICE AGREED UPON. You still want my product so you wait, and wait and wait. I delivery half of what I promise and then ask you to pay for FUTURE orders that I probably will not deliver on. GET IT PEOPLE!!!! The stock market is the biggest ponsi scheme leveled upon the working class of the WORLD. It translates into everything, if we buy FUTURES and people dont deliver, WHO IS THE IDIOT, especially since we were warned..

Several thoughts:
1) So far, I have not heard of any AIG employees being laid off! GM has cut tens of thousands and plans to ax 47,000 more, yet AIG has received nearly $200 billion of OUR money. They should have laid off at least 30-40,000 employees so far.

2) Other than some minor subsidiaries, AIG has not sold or liquidated any assets to repay the taxpayers - instead, it has been given more money and lesser repayment terms for the money it has.

3) AIG was always famous for bribes, kickbacks and providing lavish perks to those with whom it did business, including banks, brokerages, lawmakers, etc., such as trips, resorts, prostitutes, etc. I am sure they have the "goods" on a number of the politicians who have been so generous with our money.

4) Hank Paulson was both serving his own self interests and repaying his buddies at Goldman Sachs and Bank of America when he gave AIG our tax dollars. This was so typical of the corruptiion that pervaded the Bush regime. (Witness $4 gallon gasoline.) Bush was too stupid to notice what was happening, so nothing was done. Hopefully, Paulson will either end up in a cell next to Madoff and other similar crooks.

5) It is time to recall those members of Congress who continue to give our money away to big banks and insurance companies. Has anyone noticed that the average American has neither benefitted nor will ever benefit from any of the government giveaways they and their great-grandchildren will be paying for?

It is time to close AIG, CitiBank, Goldman Sachs, etc. down once and for and let the chips fall where they may. People will be surprised at the minimal impact this will actully have on their lives. (Trust me on this.)

As an aside, in 2005, I told people to dump their AIG stock, that the company was over-extended and that the new CEO (Marty Sullivan) was incompetent.

Paulson scam featured at.......
http://pwcsucks.com/_wsn/page2.html

mortgages get sold, they get packaged into Mortgage Backed Securities(MBS), they get cut up and sold as CDO's, they are insured by buying Credit Default Swaps.... IF mortgages go bad, so one was to pay up. AIG is the #1 holder of Collateralized Debt Obligations and as an insurer MUST pay out upon defaults... this isn't criminal, it is the way it was and is set up. It is also why AIG CAN NOT be allowed to fail, since that ripple would destroy what is left of world economy, valuations, commerce. THAT is also why Big Banks are to big to fail- same understanding. THAT is also why the answer to all of this is to BACKSTOP all mortgages- PERIOD. IF they don't fail- then all of the rest works out. WHILE backstopped, the banks need to write down over 2 year period to ZERO all of toxic assets. WHILE they are backstopped, credit lending policies must change and be enforced strongly. WHILE they are backstopped, we must stop the creation/sale/resale of these products- PERIOD. Controlled Entanglement of these highly complex and destructive assets is the only solution. Copitulation is NOT an answer or alternative, this must be handled with careful, swift oversight and be paid for over time.

I've been trying to figure out what our government and the Federal Reserve are up to? The politics are beyond my comprehension however the economic part is a "little" easier.

Unraveling the mess has been far too perplexing till finding the following web site. The site is a series of 22 videos, some 5 minutes, some 14 minutes that CLEARLY spells out fundamentals as to our economy and where things are going.

I'll not say more, other than this is Not Hype, its not Opinion, its facts and figures. What you come away with is raw information that will prepare you.

I'd rather be armed. Hope all of you feel the same?

http://www.chrismartenson.com/about

is the federal reserve owned by the federal goverment? you will be suprise

More CROOKED FALLOUT from te BUSH REGIME!!!!!

As jimmy said, most of those names ARE the Federal Reserve.