$700 B Bailout

[FRPLG]

Well AIG is one of the main PMI insurers and that is basically what brought them down. I think Matty can speak more intelligently to this since he works for them.

[BleedBurgundy]

Originally Posted by FRPLG

Well AIG is one of the main PMI insurers and that is basically what brought them down. I think Matty can speak more intelligently to this since he works for them.

See, it's Matty's fault.

[jsarno]

Originally Posted by FRPLG

Well AIG is one of the main PMI insurers and that is basically what brought them down. I think Matty can speak more intelligently to this since he works for them.

I guess that makes sense, maybe I just don't know enough about this situation. Just seems to me like our tax dollars are going to the greedy to bail them out. Maybe I am wrong on that.

Although, on a side note, it does seem the government is using real estate to make a profit. If they buy all the notes, eventually the people will buy, and will buy at market price, meaning the gov. "SHOULD" make a profit.

[BleedBurgundy]

Originally Posted by jsarno

I guess that makes sense, maybe I just don't know enough about this situation. Just seems to me like our tax dollars are going to the greedy to bail them out. Maybe I am wrong on that.

Although, on a side note, it does seem the government is using real estate to make a profit. If they buy all the notes, eventually the people will buy, and will buy at market price, meaning the gov. "SHOULD" make a profit.

If this was a corporation doing that, I would have absolute faith that that would happen. It's almost foolproof. BUT- This is the G.O.V. we're talking about. They'll find a way to fuck it up. Have no fear.