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(Yahoo)   It's cheaper to bail out AIG and other investment banks then to bail out Iraq for three months   (biz.yahoo.com) divider line 77
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4815 clicks; posted to Main » on 18 Sep 2008 at 5:30 PM (6 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-09-18 03:09:07 PM
The Fed is LOANING money to AIG. If and when the company recovers Uncle Sam makes a profit.

After the loan to Chrysler in 1987 the gov't made a $300 million profit.
 
2008-09-18 03:13:16 PM
FireBreathingLiberal: The Fed is LOANING money to AIG. If and when the company recovers Uncle Sam makes a profit.

After the loan to Chrysler in 1987 the gov't made a $300 million profit.


yeah but think how much money we'll make once the flowers are swept off the streets of iraq and the oil starts flowing. i have it on good authority that this war will pay for itself inside 6 months.
 
2008-09-18 03:13:46 PM
than
 
2008-09-18 03:15:13 PM
Meet Us at the Stick: than

And it's "bail out" (verb) not "bailout" (noun), since we're correcting the headline.
 
2008-09-18 03:16:30 PM
AIG hates us for our freedoms.
 
2008-09-18 03:20:05 PM
then/than, lose/loose, its/it's

i28.tinypic.com

english, motherfarker - do you speak it?
 
2008-09-18 03:22:24 PM
FlashHarry: then/than, lose/loose, its/it's

Your a idiot
 
2008-09-18 03:22:29 PM
fark basic economic theory - we can have guns and butter!
 
KIA
2008-09-18 03:23:48 PM
Two Dogs Farking: fark basic economic theory - we can have guns and butter!

and absinthe. Don't forget the hallucinogens!
 
2008-09-18 03:25:14 PM
KIA: hallucinogens!

hallucinogens, ftw!
 
2008-09-18 03:40:33 PM
jonasborg: KIA: hallucinogens!

hallucinogens, ftw!


There was a terrible roar all around us, and the sky was full of what looked like huge attractive and successful African Americans, all swooping and screeching and diving around the wieners, and a voice was screaming, "Holy Jesus. What are these goddamn Boobies?"
 
2008-09-18 03:50:54 PM
img801.mytextgraphics.com
 
2008-09-18 05:33:49 PM
well duh.
 
2008-09-18 05:33:50 PM
Code_Archeologist: jonasborg: KIA: hallucinogens!

hallucinogens, ftw!

There was a terrible roar all around us, and the sky was full of what looked like huge attractive and successful African Americans, all swooping and screeching and diving around the wieners, and a voice was screaming, "Holy Jesus. What are these goddamn Boobies?"


QFT
 
2008-09-18 05:33:58 PM
FireBreathingLiberal: The Fed is LOANING money to AIG. If and when the company recovers Uncle Sam makes a profit.

After the loan to Chrysler in 1987 the gov't made a $300 million profit.


Except that the Federal Reserve is NOT the government. It's private banks. Taxpayers are shouldering all the risk and won't receive a dime of benefit.
 
2008-09-18 05:35:45 PM
Code_Archeologist: jonasborg: KIA: hallucinogens!

hallucinogens, ftw!

There was a terrible roar all around us, and the sky was full of what looked like huge attractive and successful African Americans, all swooping and screeching and diving around the wieners, and a voice was screaming, "Holy Jesus. What are these goddamn Boobies?"


*nods*
 
2008-09-18 05:37:03 PM
The then/than issue is more than Grammar Nazism in this case. "It's cheaper to bail out AIG and other investment banks then to bail out Iraq for three months" using 'then' where subby is using it says first bail out AIG and next bail out Iraq.
 
2008-09-18 05:37:06 PM
What, obvious tag on vacation?

/here all week
 
2008-09-18 05:39:57 PM
I'm a United States taxpayer so I'm getting a kick out of these replies.
 
2008-09-18 05:41:06 PM
GoDawgs!: FlashHarry: then/than, lose/loose, its/it's

YourYou're aan idiot


Penis.
 
2008-09-18 05:42:11 PM
Jeez that article had a whole lot of hypotheticals, ifs, and buts. They're making a lot of promises and investing in a lot of theory, and the theory isn't even concrete.
 
2008-09-18 05:44:56 PM
Universal Healthcare? Hell no, that's socialism and socialism is bad...BAD!!!

Unless it's stupid socialism that cost's alot of money, like nationalizing failed investment banks and bailing out investment insurers. Then it's OTAY!!

i23.photobucket.com
 
2008-09-18 05:45:16 PM
wtf does Iraq have to do with this?

Other than spreading your own point of view, the headline doesn't make sense.

You fail subby
 
2008-09-18 05:45:25 PM
Both of them are more of a waste of dollars than education and hot lunch subsidies, therefore kill them.
 
2008-09-18 05:49:24 PM
Bail out iraq for three months? What the fark does that even mean? We could buy Iraq every three months?
 
2008-09-18 05:50:32 PM
I took the headline to mean that bailing the entire American economy out of a huge collapse is cheaper than uselessly swinging our dicks overseas for a few months (IE, that Iraq is a giant waste of money).
 
2008-09-18 05:51:33 PM
AIG is/was an insurance company....not an investment bank.

/sorry subby
 
2008-09-18 05:53:11 PM
Bail out Iraq? I thought we were bailing out ourselves for the shiat storm we caused in Iraq?

Talk about a bad long term investment!
 
2008-09-18 05:53:26 PM
absoluteparanoia: Bail out iraq for three months? What the fark does that even mean? We could buy Iraq every three months?

If we are renting quarter to quarter, how about we let the lease expire?
 
2008-09-18 05:54:06 PM
Ooh, intriguing headline subby

/Now. Where's that popcorn.
 
2008-09-18 05:54:13 PM
Good thing we're doing both. Can I have $100 billion please?
 
2008-09-18 05:56:21 PM
Iraq? That would be an entire country. Behrs and Lehman and AIG - not so much.
 
2008-09-18 05:56:55 PM
Sub Prime Crisis (new window)
Warning, British humour of highest quality!
 
2008-09-18 05:58:55 PM
www.icanhasforce.com

Just like the headline
 
2008-09-18 05:59:56 PM
how did that shiatty headline get a greenlight?
//obama supporting mod
 
2008-09-18 06:01:24 PM
Yeah, the amount of money spent on a terrorist occupation is staggering.
 
Ant
2008-09-18 06:02:29 PM
How the fark do you confuse then and than?
 
2008-09-18 06:04:14 PM
Well, that just goes to tell you either that Iraq isn't that big a deal, or the losses on Wall Street aren't that big a deal. The U.S. has borne the costs of Iraq for five - going on six - years already. It's been running at about 15% of discretionary spending every year (including Afghanistan and other regional activities).

The two are certainly related, but not necessarily causally. It is interesting that the Iraq War did not cause the big spike in oil prices, but the big spike in oil prices arguably caused the financial collapse we're seeing in Manhattan.

But Lovey, what could possibly go wrong with a Manhattan?

www.mises.org

Haha. The smart fellers on Wall Street designed their mathematical models for 30 buck petroleum. Oops.
 
2008-09-18 06:04:27 PM
Every grain of sand in Iraq is worth another $0.01 now, so we got that going for us.
 
2008-09-18 06:04:52 PM
So here is a hypothetical situation...

Let's say you took out and 80/20 split mortgage from a single company and all funds were used to procure a house. Then 3 years later after not being able to afford the house or sell it, the holder of both mortgages sells off the 20% loan and then forecloses on the house but only claims the lien for the 80%. Now you have another company with an unsecured debt on you for 20% of the cost of a house that you don't own. Is it even legal for them to collect? Doesn't that seem really shady?
 
2008-09-18 06:11:13 PM
Well that settles it. I'm voting for Obama, and I'll never have to worry about my job, my mortgage or my insurance again.
 
2008-09-18 06:13:19 PM
it's cheaper to first bail out the banks and later bail out iraq? cheaper than what? doing it in reverse order?
 
2008-09-18 06:14:15 PM
Yes but we are getting all that Iraqi oil revenue in return for bringing them freedom AND we are not going to get bombed by Saddam no moh.

Win/Win
 
2008-09-18 06:17:19 PM
Ok, I lied. It's not really hypothetical, it's really happening to me and I need advice cause my lawyer won't return my emails or phone calls... which I suspect is because last year he advised me to let the house foreclose and I wouldn't end up owing anything.
 
2008-09-18 06:20:30 PM
If Iraq is smart, it'll create financial companies like insurance companies, investment banks, mortgage lenders. The US could still give away money to them, at the same time we get soldiers back to their homes.
 
2008-09-18 06:22:25 PM
The Southern Dandy: Universal Healthcare? Hell no, that's socialism and socialism is bad...BAD!!!

Unless it's stupid socialism that cost's alot of money, like nationalizing failed investment banks and bailing out investment insurers. Then it's OTAY!!


They are both BAD. That's why I'm voting Libertarian again this year.
 
2008-09-18 06:22:33 PM
The Southern Dandy: Universal Healthcare? Hell no, that's socialism and socialism is bad...BAD!!!

Unless it's stupid socialism that cost's alot of money, like nationalizing failed investment banks and bailing out investment insurers. Then it's OTAY!!


Except we can't even afford the health care system we have now. Hell, we can't afford just about anything we're currently paying for. We're farked. Forget health care, forget global warming, think being able to afford food.
 
2008-09-18 06:23:19 PM
Well, as long as it's cheaper than Iraq, I'm fine with it.
 
2008-09-18 06:24:13 PM
Ant: How the fark do you confuse then and than?

It's more difficult, then you think.
 
2008-09-18 06:24:16 PM
PagingDoctorJekyll: So here is a hypothetical situation...

Let's say you took out and 80/20 split mortgage from a single company and all funds were used to procure a house. Then 3 years later after not being able to afford the house or sell it, the holder of both mortgages sells off the 20% loan and then forecloses on the house but only claims the lien for the 80%. Now you have another company with an unsecured debt on you for 20% of the cost of a house that you don't own. Is it even legal for them to collect? Doesn't that seem really shady?



Welcome to the world. Lenders like to split the loans so that they can foreclose AND collect independently. The split helps them avoid the one action rule when you go belly up.
 
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