AIG bailout
09-17-2008, 10:28 PM
#15
1.0 BAR
Join Date: Oct 2006
Posts: 249
Re: AIG bailout
Originally Posted by chris
Kids start to putting your money under your bed cash money
Save tangible things.. silver, gold, copper, metals... etc..etc.
Personally I'm opting for saving: Ammunition, Guns, Silver, and water.
09-17-2008, 11:08 PM
#16
3.0 BAR
Join Date: Sep 2004
Posts: 1,588
Re: AIG bailout
Originally Posted by stevenb
Save tangible things.. silver, gold, copper, metals... etc..etc.
If the economy is going to take so much of a ---- then having cash stuffed under your matress it will just become more and more worthless as the days go by.
09-18-2008, 12:11 AM
#18
1.0 BAR
Join Date: Dec 2007
Posts: 217
Re: AIG bailout
Did the government not think about the negative publicity that all of this has caused for AIG? 
You can loan AIG 10 trillion dollars, but if no one continues to use their products or services then they will ultimately FAIL! This company has taken a huge hit in its reputation. Seriously, think about it for one second, a company that sells products to manage money cannot manage their own?
I can assure you that if I need some life insurance or help with my money, a company that was recently almost bankrupt is not going to get my business.
You can loan AIG 10 trillion dollars, but if no one continues to use their products or services then they will ultimately FAIL! This company has taken a huge hit in its reputation. Seriously, think about it for one second, a company that sells products to manage money cannot manage their own?
I can assure you that if I need some life insurance or help with my money, a company that was recently almost bankrupt is not going to get my business.
09-18-2008, 12:32 AM
#20
0.0 BAR
Join Date: Sep 2003
Posts: 0
Re: AIG bailout
1. Putting your money under your mattress is the worst thing in the world you can do right now. Buy 3 stocks of google instead or put it in a savings account. Keeping your money in your house is counter productive on so many levels.
2. AIG got fucked by buying into sub prime mortgages. It has nothing to do with their services but how they reinvested their wealth. The only reason people will take their business else where with AIG is if they don't believe they will pay out on their insurance claims. Now that they have $85 billion dollars from the FED, it shouldn't be too much of a concern.
3. This economy is terrible for people who work in the banking industry and people who have their money invested in these companies. If you don't fit either bill, you have nothing to worry about. In fact, there is a great opportunity for young people with some money saved to become millionaires by age 50 if you are smart about things. Houses are dirt cheap right now. If you have good credit and some money saved for a down payment and are "waiting things out" you are ------- retarded. Housing prices are pretty much as low as they will go. Some people are predicting another 6-9 months before it reaches the absolute bottom, which is when I hope to have enough scratch to make a down payment on something. Also there are a lot of stocks you can buy for dick and have the potential to make you bundles.
Again, the economy sucks on a large scale, because the rich just got a whole lot poorer, but the poor and middle class should be okay. This is really a Wall Street Manhattan problem. If you don't work there, don't be concerned is the feeling I get. Also, if you have money in a WaMu account, change banks.
2. AIG got fucked by buying into sub prime mortgages. It has nothing to do with their services but how they reinvested their wealth. The only reason people will take their business else where with AIG is if they don't believe they will pay out on their insurance claims. Now that they have $85 billion dollars from the FED, it shouldn't be too much of a concern.
3. This economy is terrible for people who work in the banking industry and people who have their money invested in these companies. If you don't fit either bill, you have nothing to worry about. In fact, there is a great opportunity for young people with some money saved to become millionaires by age 50 if you are smart about things. Houses are dirt cheap right now. If you have good credit and some money saved for a down payment and are "waiting things out" you are ------- retarded. Housing prices are pretty much as low as they will go. Some people are predicting another 6-9 months before it reaches the absolute bottom, which is when I hope to have enough scratch to make a down payment on something. Also there are a lot of stocks you can buy for dick and have the potential to make you bundles.
Again, the economy sucks on a large scale, because the rich just got a whole lot poorer, but the poor and middle class should be okay. This is really a Wall Street Manhattan problem. If you don't work there, don't be concerned is the feeling I get. Also, if you have money in a WaMu account, change banks.
