shmucks any company that gets itself into a fix like this is lucky to not have the fixtures ripped from its walls and every cent lost. this is how it should be done. you f^^k up, you lose. they were too kind, should have been prosecuted for criminal malfeasance, and 95% control given up. so much for the ops ridiculous premise.
half of that stuff is do to a bubble popping the other half we wont see the impact in the real economy until next year. It takes time for the financial woes to trickle the real economy although we may dodge it. personally I believe all presidents get too much credit and blame for the economy.
The fed was shafted...They are paying 80bil for 7bil of equity? Does this go on the books as another liability for AIG?
you got to be kidding right? all the jobs are service sector-walmart-mcdonalds-jiffy lube-etc etc-this is corporate welfare at its finest-privatize the wealth and socialize the debt! neo-con trickledown raygunomics -quit sniffin the elmers buddy-Obama/biden 08