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?

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.

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:rolleyes:

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.:eek:

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"

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.

Exactly and the bailouts are BS too....What happened to letting the free market economy run its course?

The people who ran freddie and fannie are now working for Obama as advisors and running mate vettor

Freddie Mac and Fannie Mae were created by Congress.

That is funny Bill Clinton had more to do with what's going on with the Banking industry and mortgage banking, you need to check your facts.


http://www.cnn.com/ALLPOLITICS/utili...ners/story.gif
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.