Maryland and Virginia Real Estate and Homes Blog

News and current information about the MD and VA real estate market.

AIG Investment

October 18th, 2008 by admin

GOOD NEWS! THE AMERICAN TAX PAYER SAVED $24,000,000,000 THIS A.M. (edit/delete)

There’s little mortgage money around for home buyers, but. . . . .cash

About 2 weeks ago, in his zeal to preserve every financial institution listed on the stock exchange(s) in the country, even the ones who plundered the U.S. home buyers, made untold $Billions at the expense of the American housing and financial industry, Secretary Paulson stepped in and offered a loan to AIG $85,000,000,000. 

AIG announced this morning that they will sell some of their assets and accept a loan from the U.S. tax payer of only $61,000,000,000, thus saving the taxpayers $24,000,000,000.

SO, DON’T YOU FEEL A LOT BETTER???

This entry was posted on Saturday, October 18th, 2008 at 1:15 pm and is filed under OPINION. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed.