Is The Fed Giving In?

Posted by John Carney, Sep 16, 2008, 3:25pm

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.

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Posted in: AIG

Comments

1

Posted by guest , Sep 16, 2008 3:29PM

FIRST


sup SPODE?

2

Posted by guest , Sep 16, 2008 3:30PM

Second. Yeah bitches

3

Posted by guest , Sep 16, 2008 3:32PM

models, bottles and bailouts, bitches!

4

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."

5

Posted by guest , Sep 16, 2008 3:41PM

Can Dodd stop this?

6

Posted by guest , Sep 16, 2008 3:51PM

@ 5: depends on what's in it for Dodd.

7

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?

8

Posted by guest , Sep 16, 2008 3:58PM

because they had to say something. they regulate AIG.

9

Posted by guest , Sep 16, 2008 4:00PM

Oh great...piss on us and tell us its raining eh...

10

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.

11

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?

12

Posted by guest , Sep 16, 2008 11:17PM

Fed = pussies

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