AIG another bailout?
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Hotshot
Joined: Jan 2007
Posts: 11,564
Likes: 4
From: Tucson
AIG another bailout?
How many times is the Goverment going to do this.....
My small business has/had AIG coverage, It is going to Expire next month and I am going to be shopping around Again! You know why?? Ok i have never! had a claim! Ever! and for the last few years it has gone up just a bit. thats OK with me I understand that!
Just got the statment and they want almost 3 times as much as last year!
I am so sick and tired of this Crap!!! Why should I pay for there Mismanaged Business practice's
Thats all.
My small business has/had AIG coverage, It is going to Expire next month and I am going to be shopping around Again! You know why?? Ok i have never! had a claim! Ever! and for the last few years it has gone up just a bit. thats OK with me I understand that!
Just got the statment and they want almost 3 times as much as last year!
I am so sick and tired of this Crap!!! Why should I pay for there Mismanaged Business practice's
Thats all.
Moderator
Joined: Aug 2005
Posts: 164,379
Likes: 82
From: MA
How many times is the Goverment going to do this.....
My small business has/had AIG coverage, It is going to Expire next month and I am going to be shopping around Again! You know why?? Ok i have never! had a claim! Ever! and for the last few years it has gone up just a bit. thats OK with me I understand that!
Just got the statment and they want almost 3 times as much as last year!
I am so sick and tired of this Crap!!! Why should I pay for there Mismanaged Business practice's
Thats all.
My small business has/had AIG coverage, It is going to Expire next month and I am going to be shopping around Again! You know why?? Ok i have never! had a claim! Ever! and for the last few years it has gone up just a bit. thats OK with me I understand that!
Just got the statment and they want almost 3 times as much as last year!
I am so sick and tired of this Crap!!! Why should I pay for there Mismanaged Business practice's
Thats all.
It went up that much to pay for the CEO's big pay day.. These guys should not get an extra dime, but most have lucrative contracts ..
They need to be held accountable..
Post Fiend
Joined: Oct 2003
Posts: 9,176
Likes: 4
From: Western Central NV
Bill, We are all going to pay for all of this bailout crap. Watch taxes in the future. This whole deal is to Transfer our sovereign wealth of this Country over to an International System. That will be completely run by the Federal Reserve. Watch for tons of new laws coming that will force even Credit Unions to conform to.
Craig
Craig
Postmaster
Joined: Jul 2008
Posts: 2,922
Likes: 9
I'm disappointed in all the bailouts. Let them go under. Let the market work. More pain to come because of government intervention.
I thought when things got like this, the Wall Street types were supposed to jump out the window. Must be they are too busy raking in the $$ while passing on the bill for all of this to the taxpayer.
I thought when things got like this, the Wall Street types were supposed to jump out the window. Must be they are too busy raking in the $$ while passing on the bill for all of this to the taxpayer.
Post Fiend
Joined: Jan 2006
Posts: 20,589
Likes: 2
From: Charlotte, NC
Krewat brought it up yesterday in his fannie mae thread yesterday.....
This isn't simply a bailout.....The government is 'buying' a stake in the company on the order of 80%, and operating that like a private business for profit.....
Socialism
This isn't simply a bailout.....The government is 'buying' a stake in the company on the order of 80%, and operating that like a private business for profit.....
Socialism
Postmaster
Joined: Sep 2006
Posts: 4,982
Likes: 1
From: Clearwater, Fl
How many times is the Goverment going to do this.....
My small business has/had AIG coverage, It is going to Expire next month and I am going to be shopping around Again! You know why?? Ok i have never! had a claim! Ever! and for the last few years it has gone up just a bit. thats OK with me I understand that!
Just got the statment and they want almost 3 times as much as last year!
I am so sick and tired of this Crap!!! Why should I pay for there Mismanaged Business practice's
Thats all.
My small business has/had AIG coverage, It is going to Expire next month and I am going to be shopping around Again! You know why?? Ok i have never! had a claim! Ever! and for the last few years it has gone up just a bit. thats OK with me I understand that!
Just got the statment and they want almost 3 times as much as last year!
I am so sick and tired of this Crap!!! Why should I pay for there Mismanaged Business practice's
Thats all.
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Moderator
Joined: May 2007
Posts: 158,613
Likes: 12,052
From: Greenfield, MA
Corporate welfare...it happened with Chrysler in the 80s.
This probably isn't the last time it will happen. Could be Ford and GM will be involved in the future...near future at that.
This probably isn't the last time it will happen. Could be Ford and GM will be involved in the future...near future at that.
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Postmaster
Joined: Sep 2006
Posts: 4,982
Likes: 1
From: Clearwater, Fl
i dont think so just because they have the ability to slash jobs and close plants and sell off a brand or 2 in vehicles to get cash.............but i guess you never know,all i know is that you cant keep posting multi million dollar losses every qtr,every year
Lead Driver
Joined: Jul 2008
Posts: 5,998
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From: Wyoming
I agree 100%.
Post Fiend
Joined: Jun 2005
Posts: 7,047
Likes: 2
From: North west La
cmpd1781 your right. Its the gov takeover of private business. Its just socialism in its purest from or as we called it when I was a kid Communism.Every time a business becomes gov run we lose more freedoms. Let the markets take these companies. Don't bail any of them out. Its not the governments job to make sure a business grows or fails.
Post Fiend
Joined: Jan 2006
Posts: 20,589
Likes: 2
From: Charlotte, NC
cmpd1781 your right. Its the gov takeover of private business. Its just socialism in its purest from or as we called it when I was a kid Communism.Every time a business becomes gov run we lose more freedoms. Let the markets take these companies. Don't bail any of them out. Its not the governments job to make sure a business grows or fails.
I've been smacking him in the 'Palin' thread. Gotta make sure to give credit where it is due.......
Post Fiend
Joined: Sep 2005
Posts: 9,653
Likes: 3
From: in the adirondack mts
I'd ask that everyone follow the $$$$. See who was at the top of these Crapholes, who they contribute to politically(in order of dollars), and when they got the jobs...It'll scare you.
Not to mention who's in charge of regulating them!
Not to mention who's in charge of regulating them!