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Post by graybeard on Sept 17, 2008 18:12:45 GMT -6
We have a govt that has failed to oversee or regulate, but now finds itself running 3 huge corporations.
Who negotiated or dictated the terms of the takeovers? Who's in charge of those Corps now? Who decides to break them up and sell off the pieces?
CEOs of corporations are supposedly accountable to their Boards of Directors and large shareholders. Who are these new CEOs accountable to, Cheney?
GB
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Post by judes on Sept 17, 2008 19:45:16 GMT -6
Good questions graybeard, I wonder too. Like if the FED now has an 80% stake in AIG, and since it is insolvent, and when it is time to finally clean the slate and declare bankruptcy, does that mean the FED can claim bankruptcy?? Can the FED file for bankruptcy? Is that tantamount to a national bankruptcy? Or does it mean, they will be forced to fire up the printing presses, because the FED can't file for bankruptcy? Same goes for Fannie and Freddie and the trillions on the line.
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Post by agito on Sept 18, 2008 14:42:45 GMT -6
slow down guys- it seems like you're running around with your head cut off.
I don't know of anything to link Paulson to Cheney. Paulson comes from goldman sachs, Cheney comes from halliburton. In my mind, Paulson would be focusing on the bottom line that halliburton has to deliver, and is aware of how much those profits are propped up by the gov already.
I'm VERY curious about who these AIG guys are going to be, their goal mind you, is to rip the company apart, selling it piece by piece so it is no longer "too big to fail". If you see some of the worst names from the 80's in their, that might be a good thing.
the fed can't and won't claim bankruptcy (it can print more money, it can't declare bankruptcy). saying that is just an emotional response.
the plus side is that the bailout won't cost $80 billion. it will cost somewhere up to $80 billion
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Post by agito on Sept 18, 2008 14:44:54 GMT -6
that being said- here's the scam to look out for. will these guys sell off pieces of AIG to their friends for lower prices than can otherwise be had. that is the scam to look for.
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Post by db on Sept 18, 2008 20:10:06 GMT -6
Agito, you are still drinking the kool-aid. Yes, the sky is falling. Who are the new CEOs? The same old group of gangsters who got us into this collapse. Scam to look out for? We have already been scammed! The RepubliCons have a scam under every rock they crawl out from under.
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Post by agito on Sept 18, 2008 23:53:57 GMT -6
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