AIG BAILOUT - CREDIT DEFAULT SWAPS, WHAT'S THAT?

I HAVE NEVER HEARD ABOUT THIS STUFF.

Category:

Education

Tags:

• AIG
• BAILOUT
• ECONOMIC
• COLLAPSE
• OBAMA
• MCCAIN
• DEPRESSION
• MELTDOWN
• INSURANCE
• CREDIT
• DEFAULT
• SWAP
• FANNIE
• MAE
• FREDDIE
• MAC
• ECONOMY
• FEDERAL
• RESERVE

[piscesinphoenix]

Every American should demand that any further loans to AIG be suspended indefinitely; that this company and the execs involved be brought up on charges of misappropriation of public funds, the execs fired on the spot without benefits, the company sued in a class action suit for extorting funds from the American people by fraud (under the guise of a "rescue"/"bailout" whatever). Time to get serious about prosecuting these smarmy little weasels and take out the senators who support them too.

[gmontess]

I AGREE!!!

[lessgovtnow]

Ditto! And vote out all of the bailout senators!

[ukusapillage]

the biggesty proof this was a instrumento to rape the people and use government to lie to the people and steakl to the people by debasing money into worthless paper is that default swaps are still being used and more then ever against countrys against dollar euro etc and guess what they are going to be paid all of them, in what i dont know maybe our homes land gold they are making ppl buy huge ammounts gold silver scaring them out fiat money maybe fater they will make ppl give it away

[ukusapillage]

this was greed over gree firs they created a giant bubble, then they created the instruments to bet against the economy before knowing gov backing after that they blew the bubble then they collected wih gun not only on usa gov head but the world economy saying pay us or we will blow the worlds economy to the ground if you let the banks fail and insurance fail and rich very rich not be paid in these bets against the ecoomy we will destroy the economy

[ukusapillage]

if aig wouldnt be saved all the rich rich people and banks and financial institutions out the planet would be bankrupt, more then the usa gov, these bail outs were the gov protecting the ones they serve of course they had to take the money not only from the usa gov but all gove then governments went bankrupt a tey used rating agencys saying they couldnt pay making them pay more into derivatives market and then they need to bail out, theres so much money in system because of this

[karenl1234]

85% of the bailout money went to pay ceo's bonuses! notice warren buffet gave another bailout to some bank but he refused my charity hmmm boo hoo

[rockman22]

Thanks for the explanations!!!!!!!!!!!!!!!!!!­!!!

[archelonprime]

Let's not forget the Congresspeople, Henry Paulson and the other bailout happy dumb ass, Ben Bernanke. What disgraceful wastes of taxpayer dollars they are!