I hate it when a loan doesn't go my way.

**deathgodusmc** · 01-08-13, 12:44 PM

AIG May Join Bailout Suit Against U.S. Government - DailyFinance

"American International Group Inc (AIG), the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair."

People should be allowed to go around smacking people on the back of the head for being stupid. Your business got pulled out of the gutter and you think something was unfair that you got saved while over 70 million families lost their homes?

**Nuckle** · 01-08-13, 02:55 PM

LOL

**Fovezer** · 01-08-13, 07:14 PM

And yet another reason why I think these banks should have been broken up and sold of piece-by-piece while those running the show were arrested.

**SpecOpsScott** · 01-09-13, 08:13 AM

Originally Posted by Fovezer

And yet another reason why I think these banks should have been broken up and sold of piece-by-piece while those running the show were arrested.

Yup. At least the arrest deal. But you cant blame the board for considering a suit. After all, they have to show the share holders that they are looking out for their best interests lest they be sued themselves. Even if it means biting the hand that feeds (or bails your sorry ass out).

**deathgodusmc** · 01-09-13, 08:43 AM

Originally Posted by SpecOpsScott

Yup. At least the arrest deal. But you cant blame the board for considering a suit. After all, they have to show the share holders that they are looking out for their best interests lest they be sued themselves. Even if it means biting the hand that feeds (or bails your sorry ass out).

Sure you can. They had their chance to negotiate before they took the money. Now its just a waste of money because we're going to fund the defense for this shit.

**deathgodusmc** · 01-09-13, 08:45 AM

I hope its short and sweet that ends with a ruling of you can pay another couple million back for being stupid.

**Fovezer** · 01-09-13, 09:30 AM

Originally Posted by SpecOpsScott

Yup. At least the arrest deal. But you cant blame the board for considering a suit. After all, they have to show the share holders that they are looking out for their best interests lest they be sued themselves. Even if it means biting the hand that feeds (or bails your sorry ass out).

I think the arrest deal is secondary, honestly. The problem is that deregulation allowed them to get to a point where they were too-big-to-fail and we HAD to at least bail them out or go down with them. If we were going to infuse government money into these banks, we should have just nationalized them like Iceland did, paid ourselves back with the profits after it turned around, and then broke them up and sold them off while introducing new regulation to prohibit banks from getting that large. Now of course that was never going to happen because politicians don't do what is in the best interest of the people but what is in the best interest of themselves and their donors, but had we followed Iceland's model, we'd be better off. And those in charge would be in prison. It's a win-win.

**deathgodusmc** · 01-09-13, 09:42 AM

Originally Posted by Fovezer

I think the arrest deal is secondary, honestly. The problem is that deregulation allowed them to get to a point where they were too-big-to-fail and we HAD to at least bail them out or go down with them. If we were going to infuse government money into these banks, we should have just nationalized them like Iceland did, paid ourselves back with the profits after it turned around, and then broke them up and sold them off while introducing new regulation to prohibit banks from getting that large. Now of course that was never going to happen because politicians don't do what is in the best interest of the people but what is in the best interest of themselves and their donors, but had we followed Iceland's model, we'd be better off. And those in charge would be in prison. It's a win-win.

I thought it was in the 70's outside but it must be way colder then that because i actually agree.

**SpecOpsScott** · 01-09-13, 10:30 AM

Originally Posted by deathgodusmc

I thought it was in the 70's outside but it must be way colder then that because i actually agree.

Ditto.

**Bubbasam** · 01-09-13, 04:58 PM

Originally Posted by Fovezer

I think the arrest deal is secondary, honestly. The problem is that deregulation allowed them to get to a point where they were too-big-to-fail and we HAD to at least bail them out or go down with them. If we were going to infuse government money into these banks, we should have just nationalized them like Iceland did, paid ourselves back with the profits after it turned around, and then broke them up and sold them off while introducing new regulation to prohibit banks from getting that large. Now of course that was never going to happen because politicians don't do what is in the best interest of the people but what is in the best interest of themselves and their donors, but had we followed Iceland's model, we'd be better off. And those in charge would be in prison. It's a win-win.

The repeal of the Glass Steagall Act....we've been fucked ever since.
I'm not sure how you can nationalize and then sell them off in small pieces later for a profit, but hey, I'd be willing to try anything to let those vultures roast over an open fire for what they do to us.