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(CNN)   From accurate headline to complete bullsh*t in two sentences. Stupid, Asinine and Dumbass tag pull a train on Scary tag for the ultimate Fail   (money.cnn.com) divider line 21
    More: Fail, AIG, The U.S. Government, Government Accountability Office  
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6434 clicks; posted to Business » on 08 May 2012 at 2:02 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-08 01:37:48 PM
I'm sorry, what's your problem again?
 
2012-05-08 02:05:47 PM
Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.
 
2012-05-08 02:08:43 PM
You lost me subby.

Anyway, just a couple weeks ago we were debating the bailouts here and SIGTARP was claiming that AIG would result in a loss of $22b, which I didn't buy. Now the GAO comes out with a projected gain of $15b? The stock price didn't appreciate that much over the last week.
 
2012-05-08 02:39:27 PM
Excuse me while I go manufacture some outrage. I'll be back.
 
2012-05-08 02:52:34 PM
Subby's a whiny little biatch on this one. I still can't find the outrage. Perhaps daddy loved him a little too much?
 
2012-05-08 02:57:01 PM

PowerSlacker: Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.


You mean until it finds another sucker to buy its shares.
 
2012-05-08 03:07:43 PM

HempHead: PowerSlacker: Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.

You mean until it finds another sucker to buy its shares.


At what price would you value a share of AIG today?
 
2012-05-08 03:23:57 PM

Debeo Summa Credo: HempHead: PowerSlacker: Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.

You mean until it finds another sucker to buy its shares.

At what price would you value a share of AIG today?


$31.76
 
2012-05-08 03:55:25 PM

Moopy Mac: Debeo Summa Credo: HempHead: PowerSlacker: Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.

You mean until it finds another sucker to buy its shares.

At what price would you value a share of AIG today?

$31.76


The question should be what price do you value all of the government shares?

They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.
 
2012-05-08 04:19:02 PM

HempHead: Moopy Mac: Debeo Summa Credo: HempHead: PowerSlacker: Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.

You mean until it finds another sucker to buy its shares.

At what price would you value a share of AIG today?

$31.76

The question should be what price do you value all of the government shares?

They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.


What's truly frightening is that we've come to just accept this outcome as an inevitable reality. How about "causing the price to collapse and AIG to DIAF"? I'm tired of subsidizing the gambling of people who make more in a day than I will in a lifetime.
 
2012-05-08 04:36:52 PM

mod3072: HempHead: Moopy Mac: Debeo Summa Credo: HempHead: PowerSlacker: Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.

You mean until it finds another sucker to buy its shares.

At what price would you value a share of AIG today?

$31.76

The question should be what price do you value all of the government shares?

They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.

What's truly frightening is that we've come to just accept this outcome as an inevitable reality. How about "causing the price to collapse and AIG to DIAF"? I'm tired of subsidizing the gambling of people who make more in a day than I will in a lifetime.


Letting AIG go down would have been catastrophic. Just like it will be catastrophic in ten years.

Unless regulations/laws are in place that allow for breaking up institutions that are "too big", then "too big to fail" will always be a reality.
 
2012-05-08 04:49:02 PM
Since the AIG money mostly went to make Goldman Sachs investment whole, shouldn't we be hitting them up?
 
2012-05-08 05:34:00 PM

HempHead: They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.


Nonsense.

Scenario #1: The US Govt announces a (1/2/3/5)-year plan to sell shares every quarter at the market price, on the first day of each fiscal quarter. The market takes this into consideration, and while there are mild swings associated with each sale date before/after, these are largely small speculators; the stock price continues mostly unaffected.
 
2012-05-08 06:02:16 PM

Broom: HempHead: They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.

Nonsense.

Scenario #1: The US Govt announces a (1/2/3/5)-year plan to sell shares every quarter at the market price, on the first day of each fiscal quarter. The market takes this into consideration, and while there are mild swings associated with each sale date before/after, these are largely small speculators; the stock price continues mostly unaffected.


Exactly. They're stake was 92% last year, now its down to 63%. They'll keep selling as market conditions warrant.

The current price is $31 per share, and every investor who buys at that price knows full well that the Treasury has 63% of the company to sell.

Oh, and as an aside, if the treasury sold every remaining share to me for a nickel, it wouldn't result in AIG needing another 'bailout'. AIG's balance sheet is repaired, it wouldn't affect them one bit. It would severely hurt the Treasury's return on the investment obviously, relative to selling it at market prices.
 
2012-05-08 06:33:54 PM
Is that it? D the apr on that over the 4-5 years and it's not very pretty. Still, it's better than flushing 3trillion down the toilet for wars.
 
2012-05-08 06:42:22 PM

Debeo Summa Credo: HempHead: PowerSlacker: Actually, it's the exact opposite of what subby thinks.

The government doesn't have a profit until it sells the remaining AIG shares.

You mean until it finds another sucker to buy its shares.

At what price would you value a share of AIG today?


i1.kym-cdn.com
 
2012-05-08 07:08:17 PM
With a total profit of $41 billion for 2011, Exxon surpassed all of its Big Oil competitors,
including BP, Chevron, ConocoPhillips, and
Shell.
/ just gonna leave this here
 
2012-05-08 08:38:15 PM

HempHead: They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.


Do you know how I know you have no idea how the stock market works?

Debeo Summa Credo: Oh, and as an aside, if the treasury sold every remaining share to me for a nickel, it wouldn't result in AIG needing another 'bailout'. AIG's balance sheet is repaired, it wouldn't affect them one bit. It would severely hurt the Treasury's return on the investment obviously, relative to selling it at market prices.


That's how.
 
2012-05-08 11:24:57 PM

Krieghund: HempHead: They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.

Do you know how I know you have no idea how the stock market works?

Debeo Summa Credo: Oh, and as an aside, if the treasury sold every remaining share to me for a nickel, it wouldn't result in AIG needing another 'bailout'. AIG's balance sheet is repaired, it wouldn't affect them one bit. It would severely hurt the Treasury's return on the investment obviously, relative to selling it at market prices.

That's how.


I guess supply and demand doesn't work in the stock market?

AIG has debt convents restrictions based on their own stock price.
 
2012-05-09 10:37:04 AM

HempHead: Krieghund: HempHead: They can't sell them on the open market without causing the price to collapse and AIG to require another bailout.

Do you know how I know you have no idea how the stock market works?

Debeo Summa Credo: Oh, and as an aside, if the treasury sold every remaining share to me for a nickel, it wouldn't result in AIG needing another 'bailout'. AIG's balance sheet is repaired, it wouldn't affect them one bit. It would severely hurt the Treasury's return on the investment obviously, relative to selling it at market prices.

That's how.

I guess supply and demand doesn't work in the stock market?

AIG has debt convents restrictions based on their own stock price.


Do you have a link to AIG's facility agreements?
 
2012-05-09 12:02:42 PM
http://www.aigcorporate.com/investors/2654275_15501T04_CNB.pdf
 
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