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thewiseguy (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:01 PM Original message |
Why is the government bailing out AIG but refusing to do the same for GM? |
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Lint Head (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:02 PM Response to Original message |
1. Why isn't the govt. bailing out the average person? |
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BobRossi (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:05 PM Response to Original message |
2. Why does GM need bailing out? |
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thewiseguy (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:06 PM Response to Reply #2 |
4. and why should we help AIG out? |
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BobRossi (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:08 PM Response to Reply #4 |
7. We shouldn't. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:15 PM Response to Reply #7 |
14. You say that in the future tense. But we ARE. As in the present tense. nt |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:10 PM Response to Reply #2 |
9. When GM fails, the other two will follow, then we are looking at 1 million |
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Median Democrat (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:06 PM Response to Original message |
3. I Can See GM & Ford Resisting Government Stake and... |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:07 PM Response to Original message |
5. The chairman of AIG is good buddies with Paulson or Bu$h? |
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phantom power (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:08 PM Response to Original message |
6. Because AIG could impact the entire economy. Not just automotive. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:14 PM Response to Reply #6 |
12. 1 in 10 jobs in the US is tied to the auto industry. Try again. nt |
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phantom power (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:23 PM Response to Reply #12 |
16. Yes, I'm aware automotive is very big. However, AIG could take down everything. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:25 PM Response to Reply #16 |
18. Tenuous logic, at best. 1 in 10 jobs is not tied to AIG. nt |
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phantom power (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:30 PM Response to Reply #18 |
20. Yes, those jobs are tied to AIG. Via investment and credit. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:39 PM Response to Reply #20 |
23. The difference being: credit is FUNGIBLE. Companies would survive with foreign credit. |
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phantom power (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:56 PM Response to Reply #23 |
26. AIG is world-wide. Our credit-market problems are also world-wide. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:59 PM Response to Reply #26 |
27. There is no such thing as "AIG brand credit". That's what 100% fungible means. |
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phantom power (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 01:16 PM Response to Reply #27 |
29. I'm getting the impression you don't understand what's going on here. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 04:49 PM Response to Reply #29 |
30. LOL. No, disagreement with you is not the same thing as not understanding you. |
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phantom power (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:30 PM Response to Reply #18 |
21. Yes, those jobs are tied to AIG. Via investment and credit. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:52 PM Response to Reply #21 |
25. Let them borrow from Deutsche Bank, then. There is no such thing as "American credit". nt |
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Wilms (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:09 PM Response to Original message |
8. Because Goldman Sachs would have taken a big hit if AIG went down. n/t |
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indepat (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:23 PM Response to Reply #8 |
17. Because Goldman Sachs and those of its ilk would have taken a big hit if AIG |
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Wilms (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:27 PM Response to Reply #17 |
19. Bingo! n/t |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:11 PM Response to Original message |
10. Because AIG is "favored" by the sleaziest forces in and around government. |
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NoodleyAppendage (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:11 PM Response to Original message |
11. Because AIG is tied heavily to European banks and if it goes down so does the UK. n/t |
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Karenina (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 01:01 PM Response to Reply #11 |
28. They're the ones who BURIED the bodies. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:15 PM Response to Original message |
13. Because this is CRONY CAPITALISM, where your bailout depends on influence. |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:17 PM Response to Original message |
15. GM workers have dirt under their fingernails. AIG workers just have shit under their fingernails. |
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grantcart (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:34 PM Response to Original message |
22. Two points |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 12:40 PM Response to Reply #22 |
24. Your first point is just flat out wrong. No funds have been disbursed to the Big 3. |
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Mike 03 (1000+ posts) Send PM | Profile | Ignore | Mon Nov-10-08 04:57 PM Response to Original message |
31. Because the failure of an AIG has global implications. |
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