Tuesday, November 11, 2008

Bailout Blues!

Revised AIG Terms Begin Treasury Transfusions to 'Zombie' Firms

The revised bailout of American International Group Inc. marks a new phase in the government's effort to shore up financial markets: It's the first time cash from the rescue fund Congress created last month has been committed to a failing company. Taxpayers are ``keeping the zombie alive,'' said Robert Eisenbeis, former director of research at the Atlanta Fed. ``We keep getting deeper and deeper into these holes.'' and ``Are you going to do General Motors and Ford, and, if you do those, are going to go on and do retailers?'' said William Isaac, chairman of the Secura Group LLC. `` Where does it stop? That is a very difficult decision we are going to face.''

Posted by alan @ 09:14 PM (1515 views)
Please complete the required fields.



2 thoughts on “Bailout Blues!

  • dohousescrashinthewoods says:

    Clear reference to Japan here – sounds to me like he’s suggesting the US is going that way.

    Reply
    Please complete the required fields.



  • AIG caught throwing more fat cat parties by ABC.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>