Bloomberg is reporting that the Federal Reserve appears to be cracking in its resolve not to bailout AIG. The Fed is considering extending a "loan package" according to a person familiar with the negotiations.
Is The Fed Giving In?
Posted by John Carney, Sep 16, 2008, 3:25pm
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Posted by guest , Sep 16, 2008 3:29PM
FIRST
sup SPODE?
Posted by guest , Sep 16, 2008 3:30PM
Second. Yeah bitches
Posted by guest , Sep 16, 2008 3:32PM
models, bottles and bailouts, bitches!
Posted by guest , Sep 16, 2008 3:34PM
"RMS, a company that estimates insured damage for companies, put the initial estimate [of insured damage caused in the Houston area by Hurricane IKE] in a wide $6 billion-to-$16 billion range. That doesn't count flood damage or uninsured losses, which certainly will amount to billions more."
Posted by guest , Sep 16, 2008 3:41PM
Can Dodd stop this?
Posted by guest , Sep 16, 2008 3:51PM
@ 5: depends on what's in it for Dodd.
Posted by guest , Sep 16, 2008 3:54PM
If the Fed is going to bail them out...why did NY even make the move it did yesterday...perception, perception, perception?
Posted by guest , Sep 16, 2008 3:58PM
because they had to say something. they regulate AIG.
Posted by guest , Sep 16, 2008 4:00PM
Oh great...piss on us and tell us its raining eh...
Posted by guest , Sep 16, 2008 4:19PM
A government bailout for AIG is effectively a transfer of wealth from the American taxpayer to GS, MS, C et all who are on the other side of these trades.
Posted by wremy , Sep 16, 2008 5:00PM
Where are the Republican wise guys now that have been advertising that the market will regulate itself?
Then maybe the Feds should let AIG go?
Posted by guest , Sep 16, 2008 11:17PM
Fed = pussies