Discussion in 'Current Events' started by Vast LWC, May 7, 2010.
CNNMoney.com Market Report - May. 7, 2010
Ooh, here's a better link from the Washington Post:
No, profits are a good thing! LOL.
AIG paying back the taxpayers would be fantastic!
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.
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.
I saw a banner, and then a commercial, that GM has paid back their loan.
Are we still shareholders?
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.
did they use the same hocus pocus accounting GM used to show a "profit"?
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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