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American International Group, Inc. Message Board

  • mloss616 mloss616 Apr 23, 2010 5:26 PM Flag

    Treasury to lose 48 billion in AIG

    just reiterated the loss estimate again by Geithner. if AIG costs treasury 48 billion (their entie stake in AIG pref stock, which is one notch higher than the common equity) how can all you idiots still own this stock. do you know more than the companies biggest shareholder, the US government?

    http://finance.yahoo.com/news/Administration-trims-bailout-apf-1966632205.html?x=0&sec=topStories&pos=3&asset=&ccode=

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    • Corruption!
      Tax payers suckers:

      Give your tax money away why? Maybe the politicians and their families receive the usual 20-30% kick back. That money is gone in one week.
      Invert the pyramid and put the weight of the little guys on top of the high priced do nothing executives!
      Do not pay outstanding credit cards! Bailout to follow!
      Do not pay on credit default swaps! They are not regulated and therefore should not be enforced!
      While the former USA is changing laws and policies as it grows, to nowhere? Revoke all trusts or reduce to max $3,000,000.00 per trust, Declare banks insolvent. Payout the max $250,000.00 FDIC! Gets the money circulating!? If Buffet, Gates, jim welch and other billionaires were to die the inheritors’ tax kicks in at 3 million and the rest of the money goes to the people(new government) of the former USA.


      USA went into a sovereign nation. Removed their leader and hung him. Killed his children. Killed a few of his friends. Now they want his daughter. Took his money! Killed a few of his friends. Now wants his daughter too.
      *************
      Why can't it be done with CEOs, CFOs, executives and their families?

    • Too many to thank!
      Stooges:
      USA citizens
      Say hello to the winners:
      OBAMA the mama uses the Castro, Chavez model
      Ace Greenberg and family still have 100s million$? He must be laughing at you?
      ‘Report: Biden's Son, Brother Marketed Hedge Fund Through Stanford Company
      Vice President Joe Biden's brother and son ran a fund of hedge funds marketed by companies controlled by disgraced Texas billionaire R. Allen Stanford, according to a report published in the Wall Street Journal.’?
      WASHINGTON (Reuters) – Lawrence Summers, a top economic adviser to U.S. President Barack Obama, was paid about $5.2 million by hedge fund D.E. Shaw in the past year, financial disclosure forms released by the White House showed on Friday.Summers, a former U.S. Treasury secretary and Harvard University president, also was paid $2.7 million in speaking fees by a range of organizations and companies, including several troubled Wall Street financial firms, they showed.

      Gee why bailout AIG?
      AIG now says it paid out more than $454 million in bonuses to its employees for work performed in 2008.
      'Hedge funds are typically open only to a limited range of professional or wealthy investors.' Friends of………….?
      'Hedge funds are typically open only to a limited range of professional or wealthy investors. This provides them with an exemption in many jurisdictions from regulations governing short selling, derivative contracts, leverage, fee structures and the liquidity of interests in the fund. A hedge fund will nevertheless commit itself to a particular investment strategy, and therefore often particular investment types and leverage levels, via statements in its offering documentation, thereby giving investors some certainty regarding the nature of the fund.'
      Do not pay on credit default swaps! They are not regulated and therefore should not be enforce!
      This guy makes it simple for the dumb tax payer
      ‘Eric Dinallo, superintendent of New York State's Insurance Department, railed on Friday against AIG's failed business model, likening its insuring credit-default swaps as gambling with somebody else's money. "It's like taking insurance on your neighbor's house and even maybe contributing to blowing it up," he said at a panel sponsored by New York University's Stern School of Business.’
      Here is the laugh.
      Citi spends $3.5M to reward Smith Barney brokers.
      American International Group Inc. plans to pay its outgoing general counsel Anastasia Kelly several million dollars in severance benefits after she resigned because of federal pay curbs, according to people familiar with the matter.
      GM and chrysler receive billion of you tax payers' money. You can't afford a vacation. They have billions for people who don't work!
      'GM's plan is estimated to be $20 billion, or about 20 percent underfunded, while Chrysler's plan is 34 percent underfunded, leading to a $9 billion-plus shortfall, the agency said. Ford's funded ratio is not publicly available, but the company's pension plans are likely running at a $12 billion deficit, it said.'
      While the former USA is changing laws and policies as it grows, Nowhere? Revoke all trusts or reduce to max $3,000,000.00 per trust, Declare banks insolvent. Payout the max $250,000.00 FDIC! Get the money circulating! ? If Buffet, Gates and other billionaires were to die the inheritors’ tax kicks in at 3 million and the rest of the money goes to the people(new government) of the former USA.
      POOPIES

    • Lets agree the tax payers are stupid!
      USA went into a sovereign nation. Removed their leader and hung him. Killed his children. Killed a few of his friends. Now they want his daughter. Took his money! Killed a few of his friends. Now wants his daughter too.
      *************
      Why can't it be done with CEOs, CFOs, executives and their families?

      The SCAM:
      The Commodity Futures Modernization Act of 2000 ("CFMA"), signed by President Clinton on December 21, 2000, therefore created a "safe harbor" by (1) preempting state and local gaming and bucket shop laws except for general antifraud provisions, and (2) exempting certain derivative transaction on commodities and swap agreements, including credit default swaps, from CFTC regulation.’
      Thus, the various bucket shop laws essentially prohibit the making or offering of a purchase or sale of security, commodity, debt, property, options, bonds, etc., upon credit or margin, without intending a bona fide purchase or sale of the security, commodity, debt, property, options, bonds, etc. If you think that sounds exactly like a naked credit default swap, you are right. What this tells us is that back in 1909, 100 years ago, people understood the risks and potential instability that comes from gambling on securities prices.’

      ! 'Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that in combination with many other factors helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans’


      John Paulson, a hedge-fund manager in New York. His firm made $20 billion between 2007 and early 2009 by betting against the housing market and big financial companies. Mr. Paulson's personal cut would amount to nearly $4 billion, or more than $10 million a day
      I believe the$1 billion would have been lost if the dumb tax payers didn’t bailout the insurance companies.
      Mr. Paulson spent over $1 billion in 2006 to buy insurance on what he then saw as risky mortgage investments. When the housing market cracked and the mortgages tumbled, the value of Mr. Paulson's insurance soared. Illegal years ago!
      Then in 2008, he shorted financial shares, or wagered that they would fall in price, profiting again when these companies collapsed.

      The FIX:
      Invert the pyramid(V) and put the weight of the little guys on top of the high priced do nothing executives!
      Do not pay outstanding credit cards! Bailout to follow!
      Do not pay on credit default swaps! They are not regulated and therefore should not be enforced!
      While the former USA is changing laws and policies as it grows, to nowhere? Revoke all trusts or reduce to max $3,000,000.00 per trust, Declare banks insolvent. Payout the max $250,000.00 FDIC! Gets the money circulating!? If Buffet, Gates and other billionaires were to die the inheritors’ tax kicks in at 3 million and the rest of the money goes to the people(new government) of the former USA.

    • where is the response by people who own AIG stock on this? you do realize that the treasury owns exactly 48 billion in pref stock, and they are projecting that they will lose all 48 billion, meaning they believe their pref stock is worth 0. you do also realize that the gov stake is ONE LEVEL HIGHER than common equity. are people really that stupid, know more than the treasury department about AIG's situation, or have insider info that nobody else seems to have? what is it? i believe that the investing community really is that stupid, and AIG is a prime example why. simple blind irrational exuberance and reckless greed.

    • If you know this, why ask? Tha market is insane as is this PIG. But if it goes up it MUST be good???!!!

      Day-traders own this, and when they want to crush it then they will. Until then, continue to be frustrated.

    • Finally some common sense and knowledge of capital structure on this board! woo hoo!! JCG

    • They should start BK proceeding if they can not pay the load back.

    • Bizarre.

      We've seen lately all this press about how the Treas is going to sell shares over the next two years. And as a restult, the stock price advances.

      Yet the biggest shareholder reiterates that they expect to lose most of it's investment.

      Could the positive press lately be nothing but wishful thinking....and poor journalism, e.g. repeating others' unfounded speculation on what is going to happen.....?

      I guess that if you repeat enuff times--for example that GS bilks their clients--then it becomes accepted by the masses no matter what the truth is.

 
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