Thread: Another reason to vote for Obama

New York Fed turns AIG bailout into $18 billion profit - Aug. 23, 2012

First GM and now AIG.

Obama's makin' snaps for the American people.

Wait, weren't we blaming W for the money spent on all of the bailouts when discussing the dent growth?


Sent from a galaxy far far away using Tapatalk

Debt even.


Sent from a galaxy far far away using Tapatalk

To bad he wasn't the guy responsible for any part of this.

Originally Posted by CivilWars

Wait, weren't we blaming W for the money spent on all of the bailouts when discussing the dent growth?


Sent from a galaxy far far away using Tapatalk

Actually, the infusion of money occurred first under W and the second time under B. So we'll give W some credit but since he can't run for office again, we'll go with Barack. Cool?

Originally Posted by SovietDooM

To bad he wasn't the guy responsible for any part of this.

if you're referring to Obama...wrong!

American International Group - Wikipedia, the free encyclopedia


AIG suffered from a liquidity crisis when its credit ratings were downgraded below "AA" levels in September 2008. The United States Federal Reserve Bank on September 16, 2008 created an $85 billion credit facility to enable the company to meet increased collateral obligations consequent to the credit rating downgrade, in exchange for the issuance of a stock warrant to the Federal Reserve Bank for 79.9% of the equity of AIG. The Federal Reserve Bank and the United States Treasury by May 2009 had increased the potential financial support to AIG, with the support of an investment of as much as $70 billion, a $60 billion credit line and $52.5 billion to buy mortgage-based assets owned or guaranteed by AIG, increasing the total amount available to as much as $182.5 billion.^[6][7] AIG subsequently sold a number of its subsidiaries and other assets to pay down loans received, and continues to seek buyers of its assets.

By this logic, my weight has increased by 20 pounds under Obama. I think I'm ready for a change. Perhaps someone who doesn't drink beer at all. Or smoke, or coke, and has business knowledge, and isn't a lawyer.

Anyways as far as the nation goes, thank god we even broke even. Ya'll should look into GM and how well they are doing. I will give you a hint: Does subprime sound familiar to you? Thank god we saved those guys.

Hmm, see some dates. Was he in office during some of this, sure. Hmm, nope don't see his name. Oh wait, there's his name. Big bonuses for CEO, gee, Obama was in charge for that. What an asshole, we should hold him reponsible.

Originally Posted by triggerhappy2005

Actually, the infusion of money occurred first under W and the second time under B. So we'll give W some credit but since he can't run for office again, we'll go with Barack. Cool?

Typical.


Sent from a galaxy far far away using Tapatalk

Originally Posted by SovietDooM

Hmm, see some dates. Was he in office during some of this, sure. Hmm, nope don't see his name. Oh wait, there's his name. Big bonuses for CEO, gee, Obama was in charge for that. What an asshole, we should hold him reponsible.

Obama was in office during May, 2009.

What are you on?