Gov Bailouts
09-17-2008, 11:39 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Dec 2007
Posts: 516
Gov Bailouts
I was just wondering how the government will react if an airline faulters will there be a government bailout like with Bear-Stearns and AIG?
09-17-2008, 11:42 AM
#2
Gets Weekends Off
Joined APC: Feb 2008
Position: 757/767 FO
Posts: 847
An airline is not worth a fraction of Bear Stearns or Lehman Brothers.
Don't count on a bailout.
The NWA/DAL merger is worth what, $17 billion? The swing loan granted by the government to AIG today was for $85 billion.
Those firms affect FAR more Americans and FAR more money than a measly airline.
Don't count on a bailout.
The NWA/DAL merger is worth what, $17 billion? The swing loan granted by the government to AIG today was for $85 billion.
Those firms affect FAR more Americans and FAR more money than a measly airline.
09-17-2008, 12:05 PM
#3
Gets Weekends Off
Joined APC: Jun 2008
Position: USAF
Posts: 1,398
Between GM and AIG, I wouldn't be suprised if the gov't bailed out the airlines (see Sept. 01).... the mortgage bailout.... whose next?
... maybe the shareholders who lost 13% recently..... maybe we can bail out everyone... that ought to keep the economy stable
... maybe the shareholders who lost 13% recently..... maybe we can bail out everyone... that ought to keep the economy stable
09-17-2008, 12:25 PM
#4
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
The talk always sounds good. Laissez faire, less regulation, hands off business. Then all of a sudden, the largest mortgage broker is gone, the gov is bailing out Fannie Mae and Freddie Mac to the tune of 100B each if need be. And now 85B for AIG. I wonder if a little more regulation could have prevented this? Eight years of failed policy culminating in one big bill for the taxpayer. Fiscally responsible my arse.
09-17-2008, 12:27 PM
#5
Furlough line holder
Joined APC: Jan 2007
Position: CRJ2, ATR, CRJ7, E145, 737
Posts: 1,845
Originally Posted by jsled
The talk always sounds good. Laissez faire, less regulation, hands off business. Then all of a sudden, the largest mortgage broker is gone, the gov is bailing out Fannie Mae and Freddie Mac to the tune of 100B each if need be. And now 85B for AIG. I wonder if a little more regulation could have prevented this? Eight years of failed policy culminating in one big bill for the taxpayer. Fiscally responsible my arse.
THANK YOU
finally someone who sees it as I do, and isn't blinded by the republican machine of "everything is fine, and George W. did a good job"
09-17-2008, 12:29 PM
#6
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,322
My favorite part about the bailout is that it equates to corporate welfare for a company run by republicans who vote against welfare.
Hypocrisy in action.
What is good for the goose should be good for the gander. If you vote against welfare for those who run into hard times then you should not expect any when it happens to you.
Hypocrisy in action.
What is good for the goose should be good for the gander. If you vote against welfare for those who run into hard times then you should not expect any when it happens to you.
Last edited by capncrunch; 09-17-2008 at 12:38 PM.
09-17-2008, 12:32 PM
#7
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,322
Originally Posted by jsled
The talk always sounds good. Laissez faire, less regulation, hands off business. Then all of a sudden, the largest mortgage broker is gone, the gov is bailing out Fannie Mae and Freddie Mac to the tune of 100B each if need be. And now 85B for AIG. I wonder if a little more regulation could have prevented this? Eight years of failed policy culminating in one big bill for the taxpayer. Fiscally responsible my arse.
09-17-2008, 12:34 PM
#8
Gets Weekends Off
Joined APC: Aug 2006
Posts: 266
The people who ran freddie and fannie are now working for Obama as advisors and running mate vettor
09-17-2008, 12:39 PM
#9
Gets Weekends Off
Joined APC: Jun 2008
Position: USAF
Posts: 1,398
Originally Posted by jsled
The talk always sounds good. Laissez faire, less regulation, hands off business. Then all of a sudden, the largest mortgage broker is gone, the gov is bailing out Fannie Mae and Freddie Mac to the tune of 100B each if need be. And now 85B for AIG. I wonder if a little more regulation could have prevented this? Eight years of failed policy culminating in one big bill for the taxpayer. Fiscally responsible my arse.
Freddie Mac and Fannie Mae were created by Congress.
09-17-2008, 12:39 PM
#10
Line Holder
Joined APC: Sep 2008
Posts: 82
Originally Posted by andy171773
THANK YOU
finally someone who sees it as I do, and isn't blinded by the republican machine of "everything is fine, and George W. did a good job"
finally someone who sees it as I do, and isn't blinded by the republican machine of "everything is fine, and George W. did a good job"
Clinton signs banking overhaul measure
November 12, 1999
Web posted at: 3:28 p.m. EST (2028 GMT)
WASHINGTON (CNN) -- The biggest change in the nation's banking system since the Great Depression became law Friday, when President Bill Clinton signed a measure overhauling federal rules governing the way financial institutions operate.
"This legislation is truly historic and it indicates what can happen when Republicans and Democrats work together in a spirit of genuine cooperation," Clinton said at a White House signing ceremony. The event brought together the president and several Republican members of Congress who have been among Clinton's sternest critics -- a sign of the bipartisan support that eventually developed for the package.
Congress passed the bipartisan measure November 5, opening the way for a blossoming of financial "supermarkets" selling loans, investments and insurance. Proponents had pushed the legislation in Congress for two decades, and Wall Street and the banking and insurance industries had poured millions of dollars into lobbying for it in the past few years.
