..are a match made heaven.
This has got to be some of the most outlandish sh*t I've ever heard of. On September 16th the FED's gave American Insurance Group an $85 billion dollar loan to "prevent the global company from collapsing", and now, just 3 weeks later the FED's are lending them another $37.8 billion to give AIG much needed cash.
Steve Harvey said it best on the Kings of Comedy tour... "FOR WHAT??!"
Well I guess they needed to drop some of this emergency cash on spa & getaway treatment for a whole bunch of their top clients.. something to the tune of $400,000/each.
Funny right?? Try again. Now we know where most of this first 85 billion went. When will this madness end? I guess it's a little different this time around because AIG plans on paying back this newest bailout. When you put the interest rate at roughly 12-13% this turns into a lot more money.
This is sad to say, but I don't believe in my heart of hearts that this is a problem even MY president, Barack Obama, can fix.
Speak on it people.. I definitely would if I were you.
http://money.cnn.com/2008/10/08/news/companies/aig/index.htm?cnn=yes
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