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PartyBullshiit
March, 2024

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Lehman Bros and AIG bailed out

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babujib
Posts: 5039 - Karma: 104
the government gave AIG the 17 billion dollars that it needed by tomorrow and Barclays bought out Lehman Bros absolutely absurd
Sep 16 2008 10:07PM
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wrenegade
Posts: 6631 - Karma: 41
Barclays buying Lehman Bros isn't exactly bailing them out. It's the same as BOA buying Merrill Lynch. However the $85 billion loan to AIG is a little different. But again, it's more important to save the largest insurance company in the world than it is an investment bank.
Sep 16 2008 11:39PM
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gmack24
Posts: 4636 - Karma: 31
yea AIG effects sooo many businesses and consumers that if they actually went bankrupt we would probably go into the next great depression
Sep 16 2008 11:41PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
WaMu is going downhill too, and Goldman Sachs reported 3rd quarter earning having fallen 70%. everything is going to shit, it's all we talk about in my classes
Sep 16 2008 11:42PM
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lorida
Posts: 2833 - Karma: 46

I knew I should've bought 1000 of those 17 cent shares...

Sep 16 2008 11:44PM
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cmeriptahoe
Posts: 1785 - Karma: 12
At least Goldman is still making money though.
Sep 16 2008 11:46PM
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shredwards
Posts: 417 - Karma: 68
truth if an insurance company that big goes down the drain and some sort of disaster (hurricane) hits everyone is fucked. Although AIG owns stowe mountain, so maybe this sort of crisis will force them to sell it to some better managers.
Sep 16 2008 11:50PM
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line1260skier
Posts: 1570 - Karma: 16
We talked about this in class today because AIG is the leading insurance for resorts.
Sep 16 2008 11:57PM
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BravoWhiskey5280
Posts: 4020 - Karma: 520
Are they the insurance for Vail Resorts?
Sep 17 2008 1:16AM
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whattheshit
Posts: 6562 - Karma: 107
the bail out is just like a tourniquet on a wound.  its going to help for a little bit, but in the end it causes more damage then if you did nothing.
Sep 17 2008 2:42AM
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=Worf=
Posts: 2468 - Karma: 25
earnings didnt fall 70% for Goldman Profits fell 70%  which means they still made money they are still positive, the media reports it that way to be more dramatic.  it was basiccally in simple numbers instead of GS earning 10 billion last quarter liek they did the yaer berfore they only earned 3 billion.  it is not good but still better then looseing.  people just need to be aware of media dramatizations, you got to remember what the media is selling "advertising" to sell that they need to have ratings.  if they dont over dramatize whats going on less people would watch.  the old addage "good news dont sell papers"


Sep 17 2008 10:43AM
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dgcarbs
Posts: 438 - Karma: 11
are you in ski resort management at LSC?
Sep 17 2008 11:03AM
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