Tuesday, September 16, 2008
Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake - NYTimes.com
Socialism for the wealthy, arranged after the bell on the NYSE, so much for Paulson's proclamation to not use our tax dollars this morning. Read more at: NYTimes.com
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85 billion dollar bailout. WOW. How on earth does it get to this level of incompetence. Hopefully the payrolls of the new executives are greatly reduced to match for something more realistic. Maybe we should outsource executive leadership, I understand they can be up to 200% cheaper from overseas. --American Kraut
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