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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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
FIRST
sup SPODE?
Second. Yeah bitches
models, bottles and bailouts, bitches!
“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.”
Can Dodd stop this?
@ 5: depends on what’s in it for Dodd.
If the Fed is going to bail them out…why did NY even make the move it did yesterday…perception, perception, perception?
because they had to say something. they regulate AIG.
Oh great…piss on us and tell us its raining eh…
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.
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?
Fed = pussies
ypP6cc I cannot thank you enough for the post.Really looking forward to read more. Great.
This is one awesome blog post.Really looking forward to read more. Will read on…