[pigboy]

congratulations US taxpayers you now own 79.9% of AIG. oster_oops:

and don't forget, Social Security and Medicare are a looming underfunded disaster.

oh and the Federal Highway Trust fund ran out of money last week

fun times.

i wonder what it is that they teach in Business School.... it must be stuff like "how to negotiate a premium compensation package" and "why short term growth is more important than long term stability"

 

[ridiculous]

god damnit.

 

[cannondalejunky]

yeah...we're not in a recession or anything...the economy is stable...

Edit: lets make a bet to see how long it will be until we're a third world country....i'm out of money though...can someone spot me some to throw down

 

[SkaredShtles]

Take it to P&WN n00B!!

 

[IH8Rice]

yeah...we're not in a recession or anything...the economy is stable...

we're not in a recession genius...but thanks for playing, have a nice day

 

[cannondalejunky]

we're not in a recession genius...but thanks for playing, have a nice day

fine going in to a recession...ass

"A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation."

 

[Spero]

 

[IH8Rice]

fine going in to a recession...ass

"A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation."

i see you learned how to use wikipedia......just because your podunk state stinks, doesnt mean the rest of the country does. FACE

 

[Defenestrated]

We are on some of the worst economic footing since the great depression and we are not in a recession?

 

[pigboy]

i see you learned how to use wikipedia......just because your podunk state stinks, doesnt mean the rest of the country does. FACE

ah good. fighting on teh internets. let me get some popcorn so that I may fully enjoy the show.

next topic:

why doesn't the government publish the weekly money supply report anymore? is it because they don't want us to see how fast they are printing money and thereby driving up inflation? or is there a more benign reason?

 

[tmoney727t]

we wont know whether we are in a recession right now until a couple months from now. its more of a retrospective, "hey, we were just in a recession." than something that people can just calculate in the present. ****s crazy right now for sure though.

 

[SkaredShtles]

We are on some of the worst economic footing since the great depression and we are not in a recession?

That's a bunch of nonsense...

 

[SkaredShtles]

ah good. fighting on teh internets. let me get some popcorn so that I may fully enjoy the show.

next topic:

why doesn't the government publish the weekly money supply report anymore? is it because they don't want us to see how fast they are printing money and thereby driving up inflation? or is there a more benign reason?

Nope. That's it.

 

[BurlyShirley]

That's a bunch of nonsense...

Got your orange pickin' gloves ready? I dont see no dustbowl. Bunch of chicken littles.

 

[ire]

i wonder what it is that they teach in Business School.... it must be stuff like "how to negotiate a premium compensation package" and "why short term growth is more important than long term stability"

How to return value to shareholders.....oh.....wait......

 

[cannondalejunky]

i see you learned how to use wikipedia......just because your podunk state stinks, doesnt mean the rest of the country does. FACE

actually the economy in arkansas isn't that bad. we have a good unemployment rate, things like grocery's and gas prices aren't through the roof, cost of living is low. company's like walmart and tysons bring a lot to the state. both of those companys use local business to help with their own business. for example i know for a fact that both company's use local architecture firms, and engineering firms to build their new stores and do remodels.

 

[SkaredShtles]

Got your orange pickin' gloves ready? I dont see no dustbowl. Bunch of chicken littles.

I did pick some tomatoes out of my garden yesterday... along with some green beans. Thinkin' about planting some peach trees this fall too.

 

[CRoss]

hmmm...I could have swore the news report I just heard on the radio said the government made the offer to AIG but no decisions had been made.

 

[ridiculous]

yeah they probably wont make it official until the afternoon.

 

[[tHe] Saint]

congratulations US taxpayers you now own 79.9% of AIG. oster_oops:

and don't forget, Social Security and Medicare are a looming underfunded disaster.

oh and the Federal Highway Trust fund ran out of money last week

fun times.

i wonder what it is that they teach in Business School.... it must be stuff like "how to negotiate a premium compensation package" and "why short term growth is more important than long term stability"

just following pres. bush's lead

 

[Sherpa]

i see you learned how to use wikipedia......just because your podunk state stinks, doesnt mean the rest of the country does. FACE

You are an idiot. But thanks. In our part of the state, the unemployment rate is ~2.5% and we have one of the highest population of billionaires in the nation. Where are you from?

 

[ire]

You are an idiot. But thanks. In our part of the state, the unemployment rate is ~2.5% and we have one of the highest population of billionaires in the nation. Where are you from?

Yup, your state rocks....ranked 48th for real GDP in '06.

 

[stinkyboy]

As Rome burns...

 

[Sherpa]

Yup, your state rocks....ranked 48th for real GDP in '06.

Thats why I said NWA......

 

[IH8Rice]

company's like walmart and tysons bring a lot to the state. both of those companys use local business to help with their own business. for example i know for a fact that both company's use local architecture firms, and engineering firms to build their new stores and do remodels.

they do that to make themselves feel better about how they treat their employees.

You are an idiot. But thanks. In our part of the state, the unemployment rate is ~2.5% and we have one of the highest population of billionaires in the nation. Where are you from?

your part of the state...what about the state in whole?
and you have TWO billionaires that live in that state...and guess what their last name is.....WALTON.
im from NJ, we have 5, but i live in PA and we have 6. you have as many billionaires and Montana...WOW
keep throwing facts as me buddy boy

oh and california has the highest amount of billionaires that live there...25

 

[pigboy]

How to return value to shareholders.....oh.....wait......

i just herniated my spleen laughing at that idea.

 

[johnbryanpeters]

congratulations US taxpayers you now own 79.9% of AIG. oster_oops:

and don't forget, Social Security and Medicare are a looming underfunded disaster.

oh and the Federal Highway Trust fund ran out of money last week

fun times.

i wonder what it is that they teach in Business School.... it must be stuff like "how to negotiate a premium compensation package" and "why short term growth is more important than long term stability"

As I recall, this is the feller who can't be bothered to get off his ass and vote...

 

[pigboy]

As I recall, this is the feller who can't be bothered to get off his ass and vote...

well i don't get off my ass and vote Republican or Democrat.

Are you saying my crackpot votes for the nutball parties don't count? because as I recall the greenie nutjobs and Nader seem to have contributed to the failure of AlGore's election attempt.

 

[Jim Mac]

uggghhhh, I have 20+K in an IRA through AIG, need to look into this....

 

[stosh]

actually the economy in arkansas isn't that bad. we have a good unemployment rate, things like grocery's and gas prices aren't through the roof, cost of living is low. company's like walmart and tysons bring a lot to the state. both of those companys use local business to help with their own business. for example i know for a fact that both company's use local architecture firms, and engineering firms to build their new stores and do remodels.

Local architects and engineers are almost always required for out of state companies to build. Not only do they need the local help to get through planning boards but local architects also have connections with the local builders, municipal authorities, etc.

 

[IH8Rice]

uggghhhh, I have 20+K in an IRA through AIG, need to look into this....

you support the irish republican army?

 

[SkaredShtles]

uggghhhh, I have 20+K in an IRA through AIG, need to look into this....

Is it invested in mutual funds? Or do you actually have IRA money in AIG stock directly? Because if it's the former you should have no worries...

 

[KOReric]

Bush say the bell outs are to help the economy. But, did any of the people get to kept there houses or did the banks on wall street get to kept there money

 

[I Are Baboon]

Shuttles, you want to take this one...

 

[mandown]

i'm trying to figure out how the reports of the public "owning" AIG are supported. i've read that wording in the same news reports stating AIG has received loans from the Fed. loaning money does not make you an owner, unless the borrower can't pay and the lender collects on the collateral. i have yet to see anything stating the Fed bought AIG stock, which would then make them a current owner. if someone has seen that news, please point me in that direction.

 

[SkaredShtles]

Shuttles, you want to take this one...

I would except I have NO idea what he/she/it said.

 

[SkaredShtles]

i'm trying to figure out how the reports of the public "owning" AIG are supported. i've read that wording in the same news reports stating AIG has received loans from the Fed. loaning money does not make you an owner, unless the borrower can't pay and the lender collects on the collateral. i have yet to see anything stating the Fed bought AIG stock, which would then make them a current owner. if someone has seen that news, please point me in that direction.

http://online.barrons.com/article/SB122160418818545189.html?mod=googlenews_barrons

Also, in exchange for providing the loan, the U.S. government will also receive an 80% equity interest in AIG and has the right to veto the payment of dividends to common and preferred shareholders.

 

[mandown]

SkaredShtles, I don't have a subscription so I don't get access to the full article. I've read that wording elsewhere though. I want to know the details of how the transaction was structured. It sounds more like the Fed bought ownership then provided a bridge loan. The articles make it sound like the Fed received ownership by loaning money. It may be splitting hairs, but I don't like the fact that they present it as though the loaning of money (a debt transaction) made them owners (an equity transaction). Perhaps I have been out of school for too long, perhaps the news media is oversimplifying the transaction terms.

 

[SkaredShtles]

I'm sure they're over-simplifying, but the facts appear that the gummint owns 80% of AIG now.

Who will they buy next?

Leave it up to the gummint to buy the companies going down the tubes.

 

[pigboy]

actually the economy in arkansas isn't that bad. we have a good unemployment rate, things like grocery's and gas prices aren't through the roof, cost of living is low. company's like walmart and tysons bring a lot to the state. both of those companys use local business to help with their own business. for example i know for a fact that both company's use local architecture firms, and engineering firms to build their new stores and do remodels.

we all live in our own little reality distortion bubble. so I thought I'd use some visual media to help people understand what's happening:

your little corner of Arkansas may not have had the flaming hulk land on it YET, but the odds are pretty good that you may at least have some flaming wreckage in your neighborhood.