Hot Seat: AIG Bailout

Kramer you don't even know what a bailout is. So, they do and they are the ones doing the bailout.

How many Democrats own stock in AIG?? A bunch I bet,
that's the only reason they would vote to Bail it out.
Leamann Brothers wasn't worthy enough the day before.
This is all such a crock, why would we shore up something that the CEO's just raided. The CEO's should have to give back all of their bonus' for the last 5 years.

Since the AIG deal appears to be a "loan" to be repaid or colateral collected, Then I believe it is appropriate in this case for the Gov. and the Federal Resere to help. In general we the people should not be in the business of bailing out failed business.

THAT IS A QUESTION WHICH REQUIRES MORE KNOWLEDGE THAN THE AVERAGE CITIZEN HAS ACCESS TO. CLEARLY, AN $85 BILLION BAILOUT GIVING THE GOVERNMENT A 79% OWNERSHIP STAKE IN AIG IS NOT TO BE TAKEN LIGHTLY. THE CENTRAL QUESTION IS: WHY SHOULD TAXPAYERS BE SUBJECT TO RISK MADE BY FOR PROFIT INSTITUTIONS? FINALLY, HOW MANY MILLION OF DOLLARS WILL FLOW INTO THE HANDS OF THESE INCOMPETENT EXECUTIVES?

AS LONG AS SPENDING IS OUT OF CONTROL THE ECONOMY WILL CONTINUE TO TAKE DOWNWARD HITS.

BOTH JOHN MCCAIN AND SARAH PALIN GRASP THIS BASIC ECONOMIC TENET AND WILL SEEK TO REFORM IT.

BARACK OBAMA STRUTTING AROUND THE COUNTRY LIKE CHIKEN LITTLE PROCLAIMING “THE SKY IS FALLING, THE SKY IS FALLING”, VOTE FOR ME, VOTE FOR ME, IS NOTHING BUT A FEAR MONGERING TACTIC.


THE REALITY IS THAT HIS ECONOMIC PLAN OF MORE TAXES AND MORE GOVERNMENT SPENDING WOULD SPELL COMPLETE DISASTER AT THIS TIME.

AIG who really cares.
Obama is not capable of understanding anything. Please read this New York Post Article. AIG will solve soon.
This Is Obama committing Treason a violation of the Logan Act.

OBAMA TRIED TO STALL GIS' IRAQ WITHDRAWAL


LONG VIEW: Barack Obama tours Iraq with Gen. David Petraeus in July, when he sought to stall any agreement for US troop withdrawal until President Bush left office.
NEW YORK POST
Last updated: 4:10 am
September 15, 2008
Posted: 4:02 am
September 15, 2008
WHILE campaigning in public for a speedy withdrawal of US troops from Iraq, Sen. Barack Obama has tried in private to persuade Iraqi leaders to delay an agreement on a draw-down of the American military presence.
According to Iraqi Foreign Minister Hoshyar Zebari, Obama made his demand for delay a key theme of his discussions with Iraqi leaders in Baghdad in July.
"He asked why we were not prepared to delay an agreement until after the US elections and the formation of a new administration in Washington," Zebari said in an interview.
Obama insisted that Congress should be involved in negotiations on the status of US troops - and that it was in the interests of both sides not to have an agreement negotiated by the Bush administration in its "state of weakness and political confusion."
"However, as an Iraqi, I prefer to have a security agreement that regulates the activities of foreign troops, rather than keeping the matter open." Zebari says.
Though Obama claims the US presence is "illegal," he suddenly remembered that Americans troops were in Iraq within the legal framework of a UN mandate. His advice was that, rather than reach an accord with the "weakened Bush administration," Iraq should seek an extension of the UN mandate.
While in Iraq, Obama also tried to persuade the US commanders, including Gen. David Petraeus, to suggest a "realistic withdrawal date." They declined.
Obama has made many contradictory statements with regard to Iraq. His latest position is that US combat troops should be out by 2010. Yet his effort to delay an agreement would make that withdrawal deadline impossible to meet.
Supposing he wins, Obama's administration wouldn't be fully operational before February - and naming a new ambassador to Baghdad and forming a new negotiation team might take longer still.
By then, Iraq will be in the throes of its own campaign season. Judging by the past two elections, forming a new coalition government may then take three months. So the Iraqi negotiating team might not be in place until next June.
Then, judging by how long the current talks have taken, restarting the process from scratch would leave the two sides needing at least six months to come up with a draft accord. That puts us at May 2010 for when the draft might be submitted to the Iraqi parliament - which might well need another six months to pass it into law.

Obama received the second highest contributions from Fannie Mae and Freddie Mac. Dodd was first. The golden umbrella will not be broken for the inept management, and Obama and his Wash. friends will ensure that. Obama is a whore, without lipstick. He takes money from anyone... He had a $28,000 a plate dinner last night. Boy, he really understands the common man! What a joke!

Joe, I agree. Obama is dangerous. Obama's half-sister, Maya Soetoro-Ng explained to Jodi Kantor of the New York Times: "My whole family was Muslim, and most of the people I knew were Muslim." An Indonesian publication, the Banjarmasin Post reports a former classmate, Rony Amir, recalling that "All the relatives of Barry's father were very devout Muslims."

While John McCain was suffering in a P.O.W. camp, Obama was reciting this Muslim chant:

Allah is Most Great. Allah is Most Great.
Allah is Most Great. Allah is Most Great.
I bear witness that there is none worthy of being worshipped except Allah.

Obama did violate the Logan Act, and McCain needs to jump all over that. Obama is scum.
I bear witness that there is none worthy of being worshipped except Allah.
I bear witness that Muhammad is the Apostle of Allah.

Watch the Glenn Beck show tonight to see a rundown on the economy and how Fannie Mae/Freddie Mac/AIG, etc. got into the mess they are in...

http://www.youtube.com/watch?v=ONM7148cTyc

In the past few weeks, Wall Street’s been rocked as banks closed and markets tumbled. But for many of you – the people I’ve met in town halls, backyards and diners across America – our troubled economy isn’t news. 600,000 Americans have lost their jobs since January. Paychecks are flat and home values are falling. It’s hard to pay for gas and groceries and if you put it on a credit card they’ve probably raised your rates. You’re paying more than ever for health insurance that covers less and less.

This isn’t just a string of bad luck. The truth is that while you’ve been living up to your responsibilities Washington has not. That’s why we need change. Real change. This is no ordinary time and it shouldn’t be an ordinary election. But much of this campaign has been consumed by petty attacks and distractions that have nothing to do with you or how we get America back on track.

Here’s what I believe we need to do. Reform our tax system to give a $1,000 tax break to the middle class instead of showering more on oil companies and corporations that outsource our jobs. End the ‘anything goes’ culture on Wall Street with real regulation that protects your investments and pensions. Fast track a plan for energy ‘made-in-America’ that will free us from our dependence on mid-east oil in 10 years and put millions of Americans to work. Crack down on lobbyists – once and for all — so their back-room deal-making no longer drowns out the voices of the middle class and undermines our common interests as Americans.

And yes, bring a responsible end to this war in Iraq so we stop spending billions each month rebuilding their country when we should be rebuilding ours. Doing these things won’t be easy. But we’re Americans. We’ve met tough challenges before. And we can again. I’m Barack Obama. I hope you’ll read my economic plan. I approved this message because bitter, partisan fights and outworn ideas of the left and the right won’t solve the problems we face today. But a new spirit of unity and shared responsibility will. -- new ad by Obama

http://www.youtube.com/watch?v=ONM7148cTyc

Funny reference to Seinfeld by Joe. Not that there's anything wrong with it. It is the ultimate shrinkage. Shrinkage of our taxpayer dollars. But, is AIG "Bail Out Worthy? All I can say to that is Yada Yada Yada...

Fannie Mae and Freddie Mac were killed by Andrew Cuomo when he was with HUD and also by Alan Greenspan, who looked liked God back in the day. All that is coming due. Chuckie Shumer killed Indy Mac, now we're waiting for WAMU to go under and the list of banks going under has grown from 90 to 117 in a short time. Not time for The "D" word, but, Obama would put tons of nails in the economy's coffin. People blame Bush, who let us down with his immigration policies while keeping us free of additional attacks, yet, The "DO Nothing" Pelosi-Reid Congress with it's ridiculous favorability ratings is why nothing is getting done. This economic downturn was a long time coming after greed and more greed and liberal lending is doing these banks in. Close the borders (McCain is ridiculous, too with immigration. Vote for McCain, Obama is a disaster waiting to (thank God) "Not Happen." PS: Not a race thing, Colin Powell would get my vote, so, retire the race thing, please.

I don't have any stock, but I do have AIG auto insurance. How would this have affected me?? and many others?? I don't see this as a bail out as actually it is a loan. and will be paid back with interest if I understood this right. Seems we are damned if we do and damned if we don't.. Just vote your conscience and I guess the rest will do the best we can..I'm 72 so you would think I'm a heartbeat away from caring. Youre wrong, I'm in extrememly good health..have 14 Grandchildren, and 4 great grands.. so I care a lot..and want a safe secure, free America for them to grow up in.....

ABSOLUTELY THEY ARE RESPONSIBLE. Right now America is running on empty behind poor choices of elected officials. They said they was going to work for us but they went to work in Washington for themselves with Wall Street, and Lobbyist! As I have said REGULATION - REGULATION - REGULATION, and we need to make our CONGRESIONAL LEADERS ACCOUNTABLE - ACCOUNTABLE - ACCOUNTABLE! 26 YEARS of McCain Experience has shown Americans how inexperience he is! This game he is talking is just more of the same old BS! If he has not cleaned Washington up in 26 years what makes you think he can do it in 4? The Maverick is nothing but a ford PINTO!

TAKE YOUR MONEY AND MOVE IT SOME PLACE SAFE. IF YOU HAVE A 401K AND STOCK IN RAILROADS,YOU KNOW WHAT TO DO!

chaskat222:20PMSep 17th 2008

How many Democrats own stock in AIG?? A bunch I bet,
that's the only reason they would vote to Bail it out.
Leamann Brothers wasn't worthy enough the day before.
This is all such a crock, why would we shore up something that the CEO's just raided. The CEO's should have to give back all of their bonus' for the last 5 years.

Chas: Why would you ask that question? The Feds approved and granted the loan led by Bush's Economic advisors.

Thanks Manny I love the show. I also agree with our second post. After Howard Dean and Obama I quit the Democratic Party and I'm voting for McCain Palin 08. One of my friends who is still a Democrat said I was just voting for McCain because Sarah Palin is so cute. Ok, so I'm shallow, what's new there.
Regarding Obama He's No whiz!
Manny4:38PMSep 17th 2008

Funny reference to Seinfeld by Joe. Not that there's anything wrong with it. It is the ultimate shrinkage. Shrinkage of our taxpayer dollars. But, is AIG "Bail Out Worthy? All I can say to that is Yada Yada Yada..

Actually AIG loaned themselves money 20 billion of it. Actually it came from AIG customers.. Are they going to get interest on that bailout as well?

Feds should have put all those highly paid execs of AIG on Federal minimum wage until this is fixed!

I'm not very happy at all that AIG got bailed out and had to be bailed out. I'm upset about the big financial bailout, too! However, until the regulatory laws tighten up significantly on these financial type institutions, the whole country and world are in dangerous economic waters. Every state has insurance laws to make sure insurance companies are solvent and it should be the same for the banking industry. Unfortunately, like so many other things in life, we don't find out how things should have been done until we get smacked in the head with something like this! I'm shocked that China was funding Fannie Mae/Freddie Mac...I learned that by listening to the news. Anything to do with consumer financing needs tight regulation.