"I just don't know what to do about it" - Page 2 - Mercedes-Benz Forum

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post #11 of 14 (permalink) Old 03-08-2009, 01:23 PM
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Originally Posted by jplinville View Post
Welcome to the political process...Lies during campaign, lies during administration, and more lies after that.
The real quote is "lies during campaign, lies during administration, and lice to the people".
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post #12 of 14 (permalink) Old 03-15-2009, 06:55 PM Thread Starter
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Why ?

Quote:
http://www.reuters.com/article/newsO...2&pageNumber=2

(Reuters) - American International Group Inc disclosed on Sunday that U.S. and European banks have been among the biggest beneficiaries of the up to $180 billion U.S. taxpayer bailout of the insurer.

AIG disclosed that more than $90 billion has been paid to banks through collateral postings under credit default swaps, payments to CDS counterparties and payments to securities lending counterparties from September 16, 2008 to December 31, 2008.

The following lists the largest recipients of funds from those entities combined. The figures are estimates based on data provided by AIG:

Counterparty Amount ($ BLN)

-------------------------------------------

Goldman Sachs Group $12.9

Societe Generale 11.9

Deutsche Bank 11.8

Barclays PLC 8.5

Merrill Lynch 6.8

Bank of America Corp 5.2

UBS AG 5.0

BNP Paribas SA 4.9

HSBC Holdings PLC 3.5

Dresdner 2.6
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post #13 of 14 (permalink) Old 03-15-2009, 07:16 PM
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Why ?
Learn economics and finance and it might finally become clear.

Put slightly another way, it is what everyone has been saying about AIG from Day1, they are different and are being/will be handled differently than a bank or standard financial institution.

McBear,
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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #14 of 14 (permalink) Old 03-15-2009, 11:44 PM Thread Starter
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Originally Posted by mcbear View Post
Learn economics and finance and it might finally become clear.

Put slightly another way, it is what everyone has been saying about AIG from Day1, they are different and are being/will be handled differently than a bank or standard financial institution.

Do you think Prof Reich understands economics and finance ?

http://www.benzworld.org/forums/off-...ly-broken.html
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