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AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby bigh0rt » Fri Sep 19, 2008 6:21 pm

KCollins1304 wrote:
Simulacrum wrote:Image

Bwah ha ha :-D


Man, no one else loves this? At least he didn't the whole fleshlight. :-D

I ACCIDENTALLY A WHOLE FLESHLIGHT!!
Image
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Mugrila » Sat Sep 20, 2008 12:17 am

KCollins1304 wrote:
Simulacrum wrote:Image

Bwah ha ha :-D


Man, no one else loves this? At least he didn't the whole fleshlight. :-D


Definitely, great pic. :-b
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Yoda » Sat Sep 20, 2008 1:12 pm

Apparently the ex CEO is trying to negotiate with private lenders to refinance the $80 bil Fed loan. If that happens then I can see this stock skyrocketing in the next 12 months.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby thedude » Sat Sep 20, 2008 10:46 pm

Simulacrum wrote:Image

Bwah ha ha :-D


Actually the Gramm-Leach-Bliley Act repealing Glass-Steagall Act in 1999 is what lead to this current situation. Cannot really blame this one on W.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Matthias » Sun Sep 21, 2008 12:42 am

thedude wrote:Actually the Gramm-Leach-Bliley Act repealing Glass-Steagall Act in 1999 is what lead to this current situation. Cannot really blame this one on W.

This is his, "ownership society"; in 2004, he was practically a real estate broker himself. This would not have developed into such a crisis if the Fed hadn't been so stubborn to keep down interest rates to cover failings in the economy.

I'm not saying it's 100% his fault, but it's not an accident it happened under his watch, either.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby RugbyD » Sun Sep 21, 2008 9:18 pm

thedude wrote:Actually the Gramm-Leach-Bliley Act repealing Glass-Steagall Act in 1999 is what lead to this current situation. Cannot really blame this one on W.

The repeal didn't cause any of this to happen any more than a car causes a speeding ticket. It takes individual acts to create the problem. There was plenty of good reason for the repeal IMO.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Yoda » Tue Sep 23, 2008 11:04 am

Up big the last few days.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Yoda » Tue Sep 23, 2008 3:14 pm

So assuming that the $700 bil bail out does happen, then what lesson have we learned? These corporations will have learned nothing and now they know that the government will bail them out if they f up again.
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby Art Vandelay » Tue Sep 23, 2008 4:02 pm

Yoda wrote:So assuming that the $700 bil bail out does happen, then what lesson have we learned? These corporations will have learned nothing and now they know that the government will bail them out if they f up again.

Privitizing profits, socializing debt. It's new Capitalism!
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Re: AIG Bailed Out; Jim Cramers Says: "We're Communists Now!"

Postby StlSluggers » Tue Sep 23, 2008 5:29 pm

Art Vandelay wrote:
Yoda wrote:So assuming that the $700 bil bail out does happen, then what lesson have we learned? These corporations will have learned nothing and now they know that the government will bail them out if they f up again.

Privitizing profits, socializing debt. It's new Capitalism!

I love that new catch phrase. It's very... catchy. :-D ;-D
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