Federal Government to Give Up Majority Stake in Insurance Giant AIG

What is socialism When government own and controls businesses? How many businesses does the government own now? The new finacial reform give the president the right to take over any company he deems in trouble. Government run healthcare, EPA saying who is producing to much co2 and controling that under government control. Does this sound like Americia is a socialist country now? Change you can believe in.

Such a comfort to know that my government is watching out for my best interest.... Funny though from my point of view they are using me for Their best interest...... America!!! We are loosing US here to a buch of people who dont even know how to live on MRE's or fight for sweet freedom. Talking Heads with big bucks. Nothing more, nothing less. Thanks -Richard

What give Aig CEO's back AIG for Nothing ,If the Goverment wants to sell, Sell the Preferred Stock.Do not take paper that is worth nothing .You own 80% of something sell that .Not take Useless Paper that may not be worth a thing when you go to sell.What is this a Ides right from some AIG CEO to get the Company back with out paying a thing back for the Bailout.Sell the Preferred Stock and if there is someone Rich enough that wants to pick it all up.Maybe They will get rid of the one's who made Millions with the AIG Bailout.

Why take Junk Paper when you pretty much own something .When AIG can pay the money back then they get the stock.This paper stock may not be worth a thing when it is time to be sold and brought up by AIG for pennys .Is this another ripoff being pulled on the Tax Payers of this Country to help AIG out.

.so what was the rate at which it was purchased?? Did the American people make a profit or loss???

Hey wait a minute! This was taxpayer money. If this govt is so hot on redistribution of wealth, where's my share? Oh wait, it doesn't mean the middle class will see any of this dough. Aren't we the ones paying the debt? Let's do ourselves a favor and if you are middle class, then vote out any incumbent that agrees with the buyout. This sounds like a double bailout to me.

The government gave AIG the dough - unconditional while honoring AIG's contract tha gave way to bonuses ( their officers were rewarded for pathetic performance !), but when time to deal with Auto-Workers and their negotiated contracts, they treated them blue collar worker's contract like used toilet paper and did with is as they darn well pleased. Dump all incumbents from office for, they makea mockery of our democracy.

This plan needs approval from AIG board of directors . WHY? if the government has a 80% ownership in the company they control 80% of the voting power.They could have fired all the CEO's that caused the problem and restocked at a lower pay scale. This si something a majority of these large corporations need.