Wednesday, September 17, 2008
Tuesday, September 16, 2008
Loan
Fed's considering giving AIG a loan. How big I wonder? AIG, we must remember, is primarily an insurance company, with substantial other sidelines, and is very far from the Fed's normal domain which is commercial banks. Fed going to make a loan GM next? Not crazy given its heavy equity in GMAC.
When Chrysler was given loan guarantees of $1.2 billion, about $3.2 billion in today's money, over 25 years ago it was like a nuclear-sized event. And it required an act of Congress.
When Chrysler was given loan guarantees of $1.2 billion, about $3.2 billion in today's money, over 25 years ago it was like a nuclear-sized event. And it required an act of Congress.
Beat Me To It
I told myself that later today I'd write this post, but Digby beat me to it. Oh well. What Digby said.
What About John?
A reporter should ask Cara Carleton Sneed Fiorina if she thinks John McCain is qualified to run a major business.
...from my keyboard to Andrea Mitchell's ear. And, no, apparently John McCain could not run a major company.
...from my keyboard to Andrea Mitchell's ear. And, no, apparently John McCain could not run a major company.
Super Shitpile X Dead
CNBC sez plan to get consortium of banks to lend bunch of money to AIG is dead, like every other previous time they tried to put together something similar. Surprisingly, not everyone wants to throw good money after bad...
Viva Capitalism!
CNBC breaking:
New York Fed Meeting Now to Discuss Fate of AIG. A Government Bailout is Back on the Table (story developing)
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