If the Fed had bailed out AIG on Friday, we'd only be paying $20 billion.

[Barack_America]

They decided to play the "tough love" route, trying to force AIG to find their own suitor. Well, that didn't happen, and in the meantime AIG's credit rating got downgraded. As a result, AIG now needs to raise $85 billion.

Do I have that right? (Suzie Orman just stated this on CNN, which got me curious)

So here's my question, if the Fed was never going to let AIG fail, why the hell didn't they bail them out when the price tag to American taxpayers was cheaper? They just screwed us out of an additional $65 billion. Do you have extra money to give AIG? I sure as hell don't.

:wtf:

[knowbody0]

1. i wish we had a say in all this

must not be a part of our freedom or democracy

[MercutioATC]

2. Fuck, fuckitty fuck fuck

Who's going to bail US out after we've given all of our money to failed private companies?

[Barack_America]

5. I'm just waiting for one of these foreign governments we are beholden to...

...to come and claim what they own.

What happens to us when that happens? Do we even still own our own homes?

[Oregone]

3. It allowed people to make dough while dumping AIG stock

Such people probably had buddies in Washington.

[Barack_America]

4. That just makes me sick.

I'm sure that the millions of Americans with 401K's and mutual funds invested in AIG were not so lucky. I'm sure the managers of those funds let those investments sit and crumble.