Wednesday, Sep 17, 2008
The Federal Reserve bails out AIG
Credit Writedowns: The Federal Reserve bails out AIG
The Fed has lent to AIG. Thank god. I was thinking that Man U was going to have to change its kit
Posted by edwardnh @ 02:35 AM (447 views) Add Comment
4 Comments
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1. renting2 said...
Mixed messages, some to be saved, some not. Is this sustainable in the current climate? Will it encourage failing institutions to hang on in the hope of taxpayer's aid?
2. Lukeskywalker said...
Change its kit... that made me laugh. Still, I'm selling my gold ETF and going back to rolling spread bets after the heads up from someone on this site.
3. landofconfusion said...
I think they're trying to send the markets a message: we're not going to bail out everyone, only the big important guys, This makes sense really. Up until this point the markets (and everyone else) thought that the Fed/US government would just keep bailing out regardless of the consequences.
4. icarus said...
The loan is expected to be repaid by the sale of the company's assets. If it's that easy why didn't the Fed do the same for the others? What about the liabilities?