AIG Update: PROFITS, that's right, I said PROFITS

Discussion in 'Current Events' started by Vast LWC, May 7, 2010.

  1. Vast LWC
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    Vast LWC <-Mohammed

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    CNNMoney.com Market Report - May. 7, 2010

    Interesting.
     
  2. Vast LWC
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    Vast LWC <-Mohammed

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    Ooh, here's a better link from the Washington Post:

    washingtonpost.com

     
  3. hortysir
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    hortysir In Memorial of 47

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    Nooooo!!!!!!

    Must......stop.............pro...fits
     
  4. Vast LWC
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    Vast LWC <-Mohammed

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    No, profits are a good thing! LOL.

    AIG paying back the taxpayers would be fantastic!
     
  5. hortysir
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    hortysir In Memorial of 47

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    It would just get dumped into the Fed's special fund reserved for future bail-outs.
    It won't go toward paying down any of our debt.
     
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  6. Vast LWC
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    Vast LWC <-Mohammed

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    The Government owns an 80 percent share of AIG. Any AIG profit is by definition taxpayer profit.

    Plus those loans are in fact loans, and do need to be paid back at some point.
     
  7. hortysir
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    hortysir In Memorial of 47

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    I saw a banner, and then a commercial, that GM has paid back their loan.
    Are we still shareholders?
    Just askin'
     
  8. Vast LWC
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    Vast LWC <-Mohammed

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    We are, and all the signs point to us making an eventual profit from that too.

    If we get dividends for those shares and then sell them down the road, we'll be making a profit.
     
  9. Yurt
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    Yurt Gold Member

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    did they use the same hocus pocus accounting GM used to show a "profit"?
     
  10. SFC Ollie
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    SFC Ollie Still Marching

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    Well, I think GM made A payment. I wonder how they were able to turn a profit all of a sudden at AIG though. Of course any payback any of them make should go straight back to whoever the Federal Government borrowed it from to begin with.
     

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