Posted by guest , Oct 08, 2008 4:49PM

So did they take the rest of the equity for this?

At this point let's just start calling it the U.S. Department of Insurance and Annuities and get over with it already.

Posted by guest , Oct 08, 2008 4:50PM

Who heads the U.S. Department of Facials?

Posted by guest , Oct 08, 2008 4:51PM

Press Release
Federal Reserve Press Release

Release Date: October 8, 2008
For immediate release

The Federal Reserve Board has authorized the Federal Reserve Bank of New York to borrow securities from certain regulated U.S. insurance subsidiaries of the American International Group (AIG), under section 13(3) of the Federal Reserve Act.

Under this program, the New York Fed will borrow up to $37.8 billion in investment-grade, fixed-income securities from AIG in return for cash collateral. These securities were previously lent by AIG’s insurance company subsidiaries to third parties.

As expected, drawdowns to date under the existing $85 billion New York Fed loan facility have been used, in part, to settle transactions with counterparties returning these third-party securities to AIG. This new program will allow AIG to replenish liquidity used in settling those transactions, while providing enhanced credit protection to the New York Fed and U.S. taxpayers in the form of a security interest in these securities.

Posted by guest , Oct 08, 2008 4:53PM

I am glad to provide a facial for anyone
_Moneygrip wisdom

Posted by guest , Oct 08, 2008 4:53PM

@3

Palin

Posted by guest , Oct 08, 2008 4:55PM

@3 - Lewinsky, duh! (Or Maria Bartiromo if you dare go there)

Posted by guest , Oct 08, 2008 4:58PM

@7 Its funny because it's true

Posted by guest , Oct 08, 2008 5:09PM

I proposed the establishment of the following agency:

Bureau of In-Kind Asset Consolidation and Exploitation (BUKKAKE)

Posted by guest , Oct 08, 2008 5:10PM

Hooray that London continues to be the primary financial centre of the world. (or in American, 'center' - however American is in fact not an Internationally recognised language)

Posted by guest , Oct 08, 2008 5:11PM

Methinks some hair-removal has been requested to improve conditions for those with their tongues and noses firmly implanted in the AIG orifices

Posted by guest , Oct 08, 2008 5:13PM

10 - Ha ha ha ha haha! Just wait for it, buddy.

Posted by guest , Oct 08, 2008 5:15PM

@ 10 -- yeah right, as soon as all you wankers get your money outta that fish-head bank (ICESAVE)

so

phuckn

pwn3d

Posted by guest , Oct 08, 2008 5:15PM

at this point firing the 2 clowns in charge of this comedy is the best thing for them. some legal action could follow.

Posted by guest , Oct 08, 2008 5:18PM

I am the CEO of a hedge fund, what is AIG?

Posted by guest , Oct 08, 2008 5:18PM

brilliant comeback.....William Shakespeare would be proud - that is called irony - which by the way is not something you get done to your shirty.

Posted by guest , Oct 08, 2008 5:18PM

#3 That would be "Dick" Cheney.

If I ever meet the person who came up with the idea of "borrowing" illiquid securities in exchange for "collateral" comprised of cash money, I will kick them square in the 'nads. I mean, seriously. The NYFRB is "borrowing" from AIG? Have you people no shame?

Posted by guest , Oct 08, 2008 5:27PM

@13 Whoever put their money in 'ICESAVE' - obviously were the the 1% of the UK population that I'd equivalise with 'Hicks' in the U.S (i.e without a passport) - who I believe make up about 70% in the US - including Sarah Palin - thank god she won't get in - otherwise it might take 6 weeks for her first foreign visit while her passport is processed......'Is this you?????'

Posted by guest , Oct 08, 2008 5:33PM

@13 ha ha - your Mom has no passport

Posted by guest , Oct 08, 2008 5:34PM

sickest spin ever... they spin it like the fed is borrowing crap from AIG - oh thank you AIG for being so kind as to lend the fed your dogshit under some crapass repo agreement...

Posted by guest , Oct 08, 2008 5:35PM

@18 - 13 is a hick....love it..so true

Posted by guest , Oct 08, 2008 5:49PM

I'm curious, what kind of training does one need to become a serious "spin meister"?

Posted by guest , Oct 08, 2008 5:57PM

Hey Bess,

Start a thread on possible recession-resistant jobs for all of us. My suggestions:

1. Democrat congressional representative
2. Mary Kay salesperson
3. Malt liquor salesperson
4. Stripper

Posted by guest , Oct 08, 2008 6:19PM

@23

Why not all 4? The free enterprise system in action!

Posted by guest , Oct 08, 2008 6:47PM

the only way out of this is to have Erin Callan blow me again. In return, I'll make a PowerPoint as to why AIG is a buy.
XOX,
Einhorny

Posted by guest , Oct 08, 2008 7:03PM

@23- I remember when Texas went in the shitter about 1987.... you could get Houston housewives to blow you for $10.... $5 if you didn't wipe your wienus on their curtains afterwards

Posted by guest , Oct 08, 2008 7:29PM

I purchased a new car in 2001 which was a lemon. In April 2007, the vehicle malfunctioned and I hit a tree head on and sustained serious head injuries. I was issued a citation for the accident, and went to court and the Judge found me NOT RESPONSIBLE. AIG would not take the Judge's decision, and is charging me $300.00 per month for insurance. I will be walking now, due to the fact that I cannot pay $300.00 per month for automobile insurance.

cmw99us@yahoo.com

Posted by guest , Oct 08, 2008 7:35PM

@18 - I'd like to know what percentage of "world traveler" euro trash has never been outside of europe? Traveling across europe is no major feat.

Posted by guest , Oct 08, 2008 8:07PM

This is really getting out of hand. Let these dumb ass MFs burn!

The Other Guy from Delaware

(Yes. I'm back. In your face. Wall Street fuckwads.)

Posted by guest , Oct 08, 2008 8:15PM

I am very upset. The Bell & Ross pilot watch I bought last year at Kenzo on 57th for $3200 I sold to the guy repo'ing my jag for $150.

Posted by guest , Oct 08, 2008 8:45PM

This market collapse is getting ridiculous:

http://www.upzero.com

Posted by guest , Oct 08, 2008 8:53PM

#30. does he know what you sold him?

Posted by guest , Oct 08, 2008 9:51PM

This tells the world that neither the Fed nor the Treasury has any idea about AIG's books.

And Paulson was asking us for $700billion. Scary ain't it?

November can't come soon enough for Paulson the bird watcher.

Posted by guest , Oct 08, 2008 10:39PM

When did the Fed hire Baghdad Bob to do their PR?

Posted by guest , Oct 08, 2008 10:43PM

What is going to left for the bond holders?

Posted by guest , Oct 08, 2008 10:51PM

1,000,000,000,000 dollars ($1 trilliion) - Jail Time
300,000,000 US People and lets assume only 200,000,000 US People are tax paying citizens and / or US Citizens

Divide the 1,000,000,000,000 dollars
among the 200,000,000 US People
that is $5000 per person.
The Bill passed closer to more that closer to $1.7T therefore each person would get about $8500 if it was distrubuted equally to the people

I think that is more fair than a single company to get $0.7T. I have family members who worked for AIG, and my father will stop getting his pension by the end of 2009 even with the bail out. My brothers and sister only has 5 more years to get a pension.

Yet, yesterday (the day after the bail out) AIG executive were in San Diego at a day spa. Someone has to go to jail. One previous exec got $40M for leaving, one current exec who was in san diego is going to get $7M for being in AIG for 3 months.

Oh did I mention One AIG executive and Benjamin S. Bernanke was in China during the Olympics...before Bernanke was said 'My company will bail you out' (single quotes means that it is my own interpertation)...His company the US Federal Reserve.

Benjamin and this One AIG executive went to college together. The good old boys club.
http://www.hoovers.com/aig/--ID__10095,target__executive_list--/free-co-samples-index.xhtml

Posted by guest , Oct 08, 2008 10:52PM

1,000,000,000,000 dollars ($1 trilliion) - Jail Time
300,000,000 US People and lets assume only 200,000,000 US People are tax paying citizens and / or US Citizens

Divide the 1,000,000,000,000 dollars
among the 200,000,000 US People
that is $5000 per person.
The Bill passed closer to more that closer to $1.7T therefore each person would get about $8500 if it was distrubuted equally to the people

I think that is more fair than a single company to get $0.7T. I have family members who worked for AIG, and my father will stop getting his pension by the end of 2009 even with the bail out. My brothers and sister only has 5 more years to get a pension.

Yet, yesterday (the day after the bail out) AIG executive were in San Diego at a day spa. Someone has to go to jail. One previous exec got $40M for leaving, one current exec who was in san diego is going to get $7M for being in AIG for 3 months.

Oh did I mention One AIG executive and Benjamin S. Bernanke was in China during the Olympics...before Bernanke was said 'My company will bail you out' (single quotes means that it is my own interpertation)...His company the US Federal Reserve.

Benjamin and this One AIG executive went to college together. The good old boys club.
http://www.hoovers.com/aig/--ID__10095,target__executive_list--/free-co-samples-index.xhtml

Posted by guest , Oct 09, 2008 1:32AM

I thought I read that some female french official begged them to save AIG.

Geez, can't believe anything you read anymore?