AIG repaying taxpayers

Discussion in 'Free Speech Alley' started by SabanFan, Mar 11, 2011.

  1. SabanFan

    SabanFan The voice of reason

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    You're welcome.

     
  2. LaSalleAve

    LaSalleAve when in doubt, mumble

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    wait a minute, you are wanting the taxpayers to thank you for paying us back?
     
  3. SabanFan

    SabanFan The voice of reason

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    No. Thank me for the information.
     
  4. OkieTigerTK

    OkieTigerTK Tornado Alley

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    did the payment include interest on the original "loan"?
     
  5. SabanFan

    SabanFan The voice of reason

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    It's not completely paid back but I understand interest is included in the deal.
    AIG is committed to full restitution. What the gov't will do with the money is another question.
     
  6. LaSalleAve

    LaSalleAve when in doubt, mumble

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    so this was a good thing but the GM thing wasn't? I'm confused. Probably not shocking.
     
  7. mobius481

    mobius481 Registered Member

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    It's hard to imagine the government will ever get it's money back from the GM investment. The financial institution investments are getting paid back and should turn a profit for the taxpayers.
     
  8. LaSalleAve

    LaSalleAve when in doubt, mumble

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    I thought GM was turning a profit now, and had already paid back the government.

    General Motors Paid Back Bailout Loans in Full
     
  9. mobius481

    mobius481 Registered Member

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    From your article.....

    So they have paid back the "loan", but the stock price has to go up to $54 or so for the gov't to be made whole on the money they invested. That doesn't take into account any interest or gain on their investment if it takes ten years. It also doesn't take into account the fact that they can't just convert their shares to cash when the stock price hits $54. By the way, the stock price is around $32 today. That would be an increase of about 70%. Here's an article breaking it down.....

    GM Shares Will Likely Never Break Even for Taxpayers | National Legal and Policy Center
     
  10. Swerved

    Swerved It appears my hypocrisy knows no bounds.

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    Just to clarify, they paid back $6.8 billion, on more than $52 billion given to them. It's just that $6.7 billion was all that was classified as a "loan"... Sure they paid their "loan" back, but the government still owns $46 billion dollars of their ass.

    Tell ya what, I'm gonna get $1000 from you, but only call $120 of it a loan. When I pay the 120 back, as far as everyone else is concerned, we're straight. However, as far as you are concerned, I either A) owe you 880 bucks, or B) you own 880 bucks worth of my things.

    Unless you write off the 880 completely, which in that case I'd like to get with you on that $1000 bailout asap..
     

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