[voice, body shaking] “We’re really gonna to make it work this time, promise…Seriously, really, from one Joe to a Bro.”
AIG Is In Talks With Government To Secure Additional Funds to Keep Operating [CNBC]

Comments (9)

  1. Posted by guest | February 23, 2009 at 2:55 PM

    Sing along with the crackhead!
    http://www.youtube.com/watch?v=iqVMC4yJVZY

  2. Posted by guest | February 23, 2009 at 3:11 PM

    Just say no

  3. Posted by guest | February 23, 2009 at 3:25 PM

    Fed Loan amount exercised (as of Oct 24th): $90.3 Bn
    Days since: 122
    That averages to $740.164MM a day.
    Not a bad haul!

  4. Posted by guest | February 23, 2009 at 4:14 PM

    Where is all the money going? Did they really write thant many CDS’s, and in the unlikely event that the recession ends without all those CDS-covered companies going bankrupt, will we get our money back?

  5. Posted by guest | February 23, 2009 at 5:07 PM

    Bess – that headline is so good it’s Post-worthy.
    #4 – No, we’re not getting our money back.

  6. Posted by guest | February 23, 2009 at 5:30 PM

    Bail out on Steriods

  7. Posted by guest | February 23, 2009 at 7:10 PM

    There will be more to come even after this from them. Expect AIG alone to cost $300bn.

  8. Posted by guest | February 23, 2009 at 8:08 PM

    ummm… is novation of these CDS completely off the table?

  9. Posted by guest | February 24, 2009 at 1:26 AM

    BAILOUT SURFIN U.S.A.
    (Surfin U.S.A., the Beachboys)
    WilliamBanzai7 and the Bailout Boys
    Singalong link: http://www.youtube.com/watch?v=k1FaflUn4Co
    Listen everyone there’s a Bailout ocean
    Across the U.S.A.
    Greedy bankers n CEOs are surfin’
    Like its gold rush Californ-i-a
    You’d seem ‘em wearing their Hermes ties
    Bespoke brogues too
    A big flashy French jet will do
    BAILOUT U.S.A.
    You’d catch ‘em bailout surfin’ at CITI
    (Inside outside U.S.A.)
    AIG’s bottomless line
    (Inside outside U.S.A.)
    Detroit City and Charlotte
    (Inside outside U.S.A.)
    Why won’t someone draw a line
    (Inside outside U.S.A.)
    All over East Side Manhattan
    (Inside outside U.S.A.)
    Goin down the faux capitalist way
    (Inside outside)
    Everybody’s gone bailout surfin’
    BAILOUT U.S.A.
    We’ll all be planning out a TARP get away
    We’re gonna take real soon
    We’re waxing down our slippery surfboards
    We can’t wait for Dr Doom
    We’ll all be gone for the summer
    We’re on a Ponzi safari to stay
    Tell the shareholders and taxpayers we’re bailout surfin’
    BAILOUT U.S.A.
    Everybody’s gone bailout surfin’
    BAILOUT U.S.A.
    Everybody’s gone bailout surfin’
    BAILOUT U.S.A

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