http://news.yahoo.com/s/ap/20090302/ap_on_bi_ge/earns_aig
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Oh yea, what's another 50 or 60 billion, give or take.
Cool.
Buddha.
ya, i was looking at google news earlier. their headline said $80 billion. i thought "OK, wtf was the point of those other loans not so long ago ? where's that money gone again ?"
f%$k big wall street. f%$k the big money traders. let them get a REAL JOB for a while. come sweat with me in a machine shop, then go home and Buddha Loves You about ONLY getting a $5 million bonus.
I used to work for banks for 6 of the last 7 years. They waste like there aint no tommorow. I really wish there wont be one for most of them.
The new revolution in health care where they will computerise the whole thing, its gonna turn into one more of the banking system BS'es.
The basic principle as well as the ones that are implementing it are fundamentally falwed and corrupt. They would automate the bureaucracy making it uncircumventable and shafting the customers and imprisoning the employees at the same time. Now that ist computerised and does not work any better with 50 morons hovering around, its now 49 morons who are disposable. Seen it happen, that is all that will happen and Obama will claim victory when the economy posts 1 little blip. Wait till the real healthcare crisis starts and the old people start needing it. Walk into a hospital with a heart attack and they will have to spend hours navigating the bureaucracy and negotiating with the damn computer. Remember how the machines took over the world, too late, they already have and banking and airlines were the first, health care will soon follow.
Cool.
Buddha.
i'm sure there's a formula somewhere for establishing the liklihood that as one continually feeds OUT slack, that someone on the other side is steadily gathering it it.
sort of like the propensity of the bread to fall butter-side down is directly proportional to the cost of the carpet.
When you tell people they will be bailed out if the commit a crime, we will have a 300 million strong criminal population.
Same with CEO's only even more so, some people will atleast avoid committing crimes against their friends. CEO's will not hesitate, they're like a cross between lawyers and wolves.
BTW insurance companies ecpecially the ones that sell term life, annuity and supplimental income types, are next to fall, they were heavily into the supposedly safe investments (REIT's, bonds and Foreign currencies). 3-6 months.
There is no such thing as too big to fail. There will soon be such a thing as "too big to save".
Cool.
Buddha.