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AIG will pay taxpayers an extra $15B in return for bailing them out? Was it worth it? A good deal?

Update:

Bear in mind, over the 5 years it tool to repay the loan, we see an annual rate of return at 1.6%

1.6%!!!

That doesn't even keep up with inflation, which is at minimum 3%!

We should be expecting about a 10% return on this high-risk investment. ...somewhere in the neighborhood of $100B in returns is more like it. THAT's the real story.

4 Answers

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  • 9 years ago
    Favorite Answer

    I am OK with it as long as they make money out of it. I think its a good thing. That is one way to pay back that debt.

    My issue is not with AIG. If I were them I would want a bail out too. The problem is with the Government meddling in private issues. If Companies and Banks realize that they have a lender of last resort they will always take unnecessary risk.

    If I take a huge risk the Government refuses to bail me out. So why are they taking sides. If the Government is going to bail out one group they have to bail out everyone. That makes no sense. Government should run on a shoe string and nothing else.

    Ron Paul wants to stay out of all of that. I agree with him we need to stay out of private institutions. Its not the Governments job to bail out anyone. Yes this includes welfare programs.

  • 9 years ago

    With a corrupt government this is a lose lose. If they don't pay us back we lose the money. If they do pay us back we lose as well.This money instead of going toward paying our debt (which was largely increased with these bailouts) will be treated as a payday, and recklessly re-spent to build or expand more Socialist government programs.

    If I'm not mistaken, AIG has direct and strong ties to the Federal Reserve bank. Since they are all good buddies and work hand in hand, why did they not get this bailout directly from them instead of placing this debt on our government and us serfs?

  • Anonymous
    9 years ago

    More accounting tricks from the Obama administration

  • Anonymous
    9 years ago

    I don't believe it . And I doubt the tax payers will feel it in a positive way - even if they do .

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  • Anonymous
    9 years ago

    Show us the money first.

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