NY state, Gov Paterson allows: AIG to Bridge Loan of $20 Billion to itself... hah!

[HOLLYWOOD]

Just on the all the Financial NEWS reports...

New York state governor, Paterson allows AIG to use it's Subsidiaries assets to leverage a Bridge Loan to itself for $20 BILLION.

What's this mean? AIG will put up $40 BILLION dollars of it's Assets from it's subsidiaries for a $20 BILLION loan from the Central Bank.

Paulson hoping AIG survives, though he didn't say this in Public, only private comments.

I presume there's; EXCEPTION to the RULES? TOO BIG TO FAIL?

http://cityroom.blogs.nytimes.com/2008/09/15/state-to-allow-aig-to-access-20-billion-in-subsidary-assets/ <=== New York Times coverage


Warren Buffet now involved in some scheme to get AIG out of Hot Water.

Well, it appears, when financial assets, revenues and values are involved, the people most effected will come to the rescue first.

U.S. TREASURY- Hank Paulson just in, ISSUES a "NO COMMENT" on AIG situation

Berkshire Hathaway... what's their possible losses on these failures? That's the question to be answered.

Where's that parasite Murdoch? he's been pretty quiet.

T Boone Pickens says he can cure with Natural Gas and his cronies...


Dud!

 

[rockandrollsouls]

I think AIG is going under....I just made a bold move with them in my portfolio...risky but I'm hoping I make out well.

 

[HOLLYWOOD]

New York Mayor Michael Bloomberg - cancels trip, about to make a statement at his Press conference concerning AIG.

 

[freelance]

I think that we're going to puke every time we hear, "Too big to fail."

 

[tmosley]

I think that we're going to puke every time we hear, "Too big to fail."

That's just because we were drinking every time we heard "Too big to fail".

Unfortunately, most of those playing the game died of alcohol poisoning...

 

[HOLLYWOOD]

That's just because we were drinking every time we heard "Too big to fail".

Unfortunately, most of those playing the game died of alcohol poisoning...

Paulson is having his Press conference right NOW...

the Propagandist is saying it's a HOUSING CORRECTION, multiple times.

Praising that the BANKS and FINANCIAL INSTITUTIONS for coming to the RESCUE and OUR (U.S.) banking system is sound, then mentions the accounts are insured by the FDIC of $125K... are you kidding me? GESUS that was DUMB!

Also saying, He DOESN'T take lightly, the TAXPAYER usage.

Call the Financial regulation "Archaic"

 

[armstrong]

gag

 

[LiveFree79]

Paulson is such a puppet. The housing market is behind us now? LOL Yeah ok buddy!

 

[HOLLYWOOD]

Paulson is such a puppet. The housing market is behind us now? LOL Yeah ok buddy!

That's because, ALL 50 states are screaming for REVENUE... which means, Artificially inflating and maintaining OVER-VALUED estimates on residential and commercial properties.

Here's the other half of the SCAM...

County, State, and Federal property TAXES are still way over valuated. Now their ripping the people off on property TAXES!

Post if your Property TAXES have gone down.