Expect a lot of Sound and Fury over AIG Rescue

No Credibility, No Accountability, No responsibility = no votes for Democrats or Republicans EVER AGAIN !!!!! Why doesn't anyone (ACLU) challenge these bailouts ? Slavery was banned more than a century ago. We, working class people, are becoming indentured servants more and more with each bailout. Worse yet, Our politicians are enslaving generations which have not yet been born. SHAME ----- SHAME ----- SHAME

How can a private corporation, the Federal Reserve, take over 79.9% of A.I.G. (a trillion dollar asset) using a loan of $85B (@ 11% paid back in 2 years using GOVERNMENT money, not the Feds $$. A.I.G. MUST pay the loan back in 2 years, why loose the whole company too? This means the Fed throws out the original stock holders (now 20.1%) and the employees. Are we living in Venezuela or Mexico??????? This sounds like the Mafia...........

First Bear Stearns ($29 billion), then Fannie and Freddie ($200 billion to $6 trillion), then AIG ($85 billion), then flooding the market with another $180 billion and now brainiac Paulson wants to have us (the taxpayer) go on the hook for ALL the bad loans out there. My God, where did we come up with these people in Washington?? I guess I need to stop paying my mortgage to get in on the deal of a lifetime. Is it time to change our name to the Socialist States of America???

AIG humbled - the arrogance of the management and their corporate culture brought them to the brink. Unfortunately, we're all left holding the tab.

Where is Warren? Enjoying his day, I hope. Warren Buffet was too smart to get caught up in this mess. His emphasis is on value. Pitiful pieces of paper with promises of payment from poor people who paid prodigious premiums for their houses are, uh, worthless. Warren knew it. Dick Fuld, Hank Greenberg, John Mack, Sharles Prince, Ben Bernacke, Henry Paulson, Alan Greenspan, ad nauseam( pun intended ) are just now learning this. Too bad we( taxpayers and this great country's economy ) have to pay for their tuition...

Quote from Gator McClusky "I want the feds to give me a job, pay off all my credit card debt, my car loan and give me a loan. Paulson has to go. Bernanke has to go. If u make bad choices with money and the brightest minds in business get it all loused up, why should I have to bail them out ? Let them go out of business. With that 85 billion dollars, you probably could give more money to those on medicare, give health insurance to those that need it, give the money to those who just lost everything in the hurricane in texas… The citizens of the US need to take back whats ours.. this country and put people in charge that realize all the money that is being used to bail these aholes out is really OUR money.." Amen, but it will take a revolution (non-violent, I hope) to get this country back from the elitists and exploiters who have managed to get control in spite of the democratic process (or maybe because of it). As far as the a worldwide economic collapse goes, this will not stop it just make it worse.

SHTF and we will pay for it through massive inflation. this run up was just a head fake compared to what the real run up in commodities will be over the next few years.

Wow the investment banking giants are falling and the government is picking up the scraps...can you say NEW WORLD ORDER??

How does a company with 135 million customers fail????

Enough is enough. The BIG guys get in financial trouble and get bailed out by the Fed. However, the small business never gets a Fed bailout. If anything the Fed says "tough luck". Many small businesses are hurting right now, especially in Michigan, yet no one rescues them, Heck, the creditors won;t even work with them. I say if the big guys get in financial trouble then let them sink like Lehman Brothers! This has to stop.

What a wake-up this morning!!! I read a copy of Paulson's statement and couldn't stop laughing. This "too big to fail" concept and the idea that the taxpayers of this country won't get hosed again is beyond belief. I wonder whether Paulson might be willing to give me a "bridge loan" to cover the losses in my portfolios and in my home's market value. I doubt it.

You mean a tax payer loan. As a tax payer I am interested to know when the 'loan" is to be paid and at what interest rate. Can we expect the same results from the government running the company as we get with social security?

I am very angry by the most recent intervention of the FEDS to bail out AIG. Where is all of this going to stop....how many more bailouts will their be? We shouldn't be rescuing companies that are bent on taking undue risks of shaky investments. Greed and corruption has run amuck on Wall St. as they line their pockets! Our government is making matters worse and they should just stay out of it!

Good Job Liz, you exposed Sen. Bunning as being totally misinformed on the true nature of AIG's problems and their causes. He mentioned bad housing loans, but nothing about the "short" sellers that have caused this mess. If any of these Companies other than Freddy and Fanny, needed Government protecion,it is AIG. If AIG is allowed to fail, the world economy will start on the road to recession and failed markets. Why if Jim Crammer gets it, can our gov. agencies be so oui of touch

Liz, While the Lehman CEO was asleep at the wheel, the government should be proactive in getting the message out to the public as to why they are saving AIG but not Lehman. That would answer some of the many questions surrounding this entire mess. I recently switched over to Fox business and I am glad I did so. Keep the insightful commentary coming. Thank you.

I want the feds to give me a job, pay off all my credit card debt, my car loan and give me a loan. Paulson has to go. Bernanke has to go. If u make bad choices with money and the brightest minds in business get it all loused up, why should I have to bail them out ? Let them go out of business. With that 85 billion dollars, you probably could give more money to those on medicare, give health insurance to those that need it, give the money to those who just lost everything in the hurricane in texas... The citizens of the US need to take back whats ours.. this country and put people in charge that realize all the money that is being used to bail these aholes out is really OUR money..

I could care less about the Lehman employees. They have had plenty of notice. Lehman employees should vent their anger at management. I don't understand the AIG deal. If AIG is valued at 1 trillion, why no offers? Where is Warren Buffet?

Holy Crap! As a taxpayer I'm Sick of paying for others mistakes and gross mismanagement! I bought a home I could afford. I pay my bills. I manage my finances. I'm tired of supporting bullcrap!