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Jackpine Radical

(45,274 posts)

10. The AIG bailout SAVED the shareholders.

Reply to Lucky Luciano (Reply #9)

Mon Sep 29, 2014, 03:58 PM

Sep 2014

From the article-

A.I.G.’s stock would have been worthless absent a bailout; it is now worth about $80 billion. Or, as the government’s lawyers have put it, the shareholders’ stake after Washington took most of the company was “worth more than their 100 percent equity stake before the rescue.” Arguing that the shareholders deserved even more is like a formerly starving man’s insisting he deserved filet mignon rather than a rib-eye.

(Bolding mine)

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Highlight:

Elizabeth Warren tweet:"we bailed you out" [View all] Playinghardball Sep 2014 OP

We bailed you out. It's time to return the favor. CJCRANE Sep 2014 #1

They believe the whole world revolves around them.... Spitfire of ATJ Sep 2014 #12

That article made my eyes pop out BrotherIvan Sep 2014 #2

If only Democrats held the House. Oh wait, the House has nothing to do with this. Scuba Sep 2014 #3

Well, all appropriations start in the House. MADem Sep 2014 #7

They did nothing illegal, or so I've been told on DU BrotherIvan Sep 2014 #8

I think what has been said ... 1StrongBlackMan Sep 2014 #16

Mentioned in the article EW links to in her tweet is BrotherIvan Sep 2014 #18

Of course he doesn't understand. He is a fiscal sociopath. He, like his brethren believe they rhett o rick Sep 2014 #4

It's the real "ME" generation! Trillo Sep 2014 #5

Retweeted. Thanks! riqster Sep 2014 #6

He is pissed that the AIG bailout wiped out shareholders (mostly) Lucky Luciano Sep 2014 #9

The AIG bailout SAVED the shareholders. Jackpine Radical Sep 2014 #10

The shareholders prior to the bailout were crushed. Lucky Luciano Sep 2014 #17

Put him face down on the marble floor of his mansion and slap on the cuffs. Spitfire of ATJ Sep 2014 #11

TAlk about biting the hand that feeds you. JDPriestly Sep 2014 #13

This is exactly what I would expect from people without a moral compass. Rex Sep 2014 #14

the S&L crowd did not get away scot free. pansypoo53219 Sep 2014 #15