Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 12-11-2012, 02:19 PM  
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 
Join Date: Dec 2000
Location: KS
Casino cash: $434689
Treasury sells last of AIG shares ... AIG Bailout ends up in Fed profit

More business than Politics ... but whatever


Dec 11, 2012 12:24pm
Treasury Sells Final AIG Shares For $22.7B Total Profit

The Treasury Department today announced it has sold its remaining shares of American International Group, bringing the U.S. bailout profit to $22.7 billion and concluding the largest government assistance package of the financial crisis.

Four years after taxpayer support saved the insurance giant from the brink of collapse, the Treasury sold its remaining 234,169,156 shares of the company for $32.50 each, raising $7.6 billion.

“Giving effect to today’s offering, the overall positive return on the Federal Reserve and Treasury’s combined $182 billion commitment to stabilize AIG during the financial crisis is now $22.7 billion. To date, giving effect to the offering, Treasury has realized a positive return of $5.0 billion and the Federal Reserve has realized a positive return of $17.7 billion,” Treasury announced.

To put this huge figure in context. The $22.7 billion that taxpayers profited from the bailout is roughly the same as the 2013 discretionary budget for the Department of Agriculture. The Food and Drug Administration’s entire budget is only about $2.5 billion. The budget of the Internal Revenue Service is $13 billion. The US Postal Service is about $12 billion in the hole.

AIG nearly collapsed as a result of its bad bets on the housing market in September 2008, prompting the politically contentious massive taxpayer bailout, the largest in U.S. history.
Posts: 80,075
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 02:22 PM   #2
stevenidol stevenidol is offline
Banned
 

Join Date: Jul 2011
Casino cash: $5553
Yay! Now we can pay for a new war in Syria!
Posts: 476
stevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Casselstevenidol < Cassel
  Reply With Quote
Old 12-11-2012, 02:22 PM   #3
loochy loochy is offline
That's what she said.
 
loochy's Avatar
 

Join Date: Oct 2008
Location: TECKSIS
Casino cash: $440826758
Quote:
Originally Posted by stevenidol View Post
Yay! Now we can pay for a new war in Syria!
since when does the government care about what they can pay for?
__________________
Quote:
Originally Posted by big nasty kcnut View Post
yeah i may be a retard but I'll be the one banging your girlfriend when you're out with your friends.
Posts: 16,933
loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 02:27 PM   #4
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9746531
Great. Now we need more huge investors to need bailouts and all our problems will be solved!
Posts: 19,444
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 02:29 PM   #5
Mr. Flopnuts Mr. Flopnuts is offline
The People's Mod
 
Mr. Flopnuts's Avatar
 

Join Date: Mar 2005
Location: The Capital
Casino cash: $113762377
Quote:
Originally Posted by stevenidol View Post
Yay! Now we can pay for a new war in Syria!
Quote:
Originally Posted by loochy View Post
since when does the government care about what they can pay for?
It was more business than politics, at least until you got 2 posts in.
__________________
Best phone service ever. No contracts. Month to month billing. Only get charged for what you use. And they'll accept locked phones. Get a $25 service credit by signing up through this link.

https://z4smpc19663.ting.com/
Posts: 43,940
Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 02:31 PM   #6
Rain Man Rain Man is offline
Has never visited Finland.
 
Rain Man's Avatar
 
JezzBall Champion Mahjongg 2 Champion
Join Date: Jul 2001
Location: 1.61 KM high city
Casino cash: $62698962
Awesome. My wife and look forward to receiving our checks for $17 each.
__________________
In the final seven games of the 2013 season, the Chiefs averaged 34.6 points per game, scored 38 points or more 4 times, and went 2-5. The NFL has ruined the sport.
Posts: 73,922
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 02:33 PM   #7
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9746531
Quote:
Originally Posted by Mr. Flopnuts View Post
It was more business than politics, at least until you got 2 posts in.
No it wasn't. It was pretending to be about business, maybe.
Posts: 19,444
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 02:34 PM   #8
cosmo20002 cosmo20002 is offline
Debunking your bullshit
 
cosmo20002's Avatar
 

Join Date: Aug 2002
Location: KC area
Casino cash: $116704
Quote:
Originally Posted by blaise View Post
Great. Now we need more huge investors to need bailouts and all our problems will be solved!
This sarcasm will be accepted as a thank you to those responsible for avoiding another depression.
__________________
Quote:
Originally Posted by Chris616 View Post
As long as Jesus Christ was the president of the US and approved of it Yes.
Posts: 15,049
cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 02:46 PM   #9
Zebedee DuBois Zebedee DuBois is offline
Cog of Industry
 
Zebedee DuBois's Avatar
 

Join Date: Feb 2001
Location: floating in a tin can
Casino cash: $48822
Is Gov. Christie doing a Subway commercial in your sig? 5, 5 dolla, 5 dolla foot looong!
__________________
...and STAY out of the WOOLWORTH's!!!!!!!!!
Posts: 2,240
Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.Zebedee DuBois must have mowed badgirl's lawn.
  Reply With Quote
Old 12-11-2012, 03:25 PM   #10
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 

Join Date: Dec 2000
Location: KS
Casino cash: $434689
Quote:
Originally Posted by blaise View Post
No it wasn't. It was pretending to be about business, maybe.
sorry for posting some good news


i should feel ashamed
Posts: 80,075
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 03:43 PM   #11
BucEyedPea BucEyedPea is offline
Frazod Loves Hammy
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $88319
So what. There's still no authority for the Federal govt to be doing such things.
__________________
"“Perhaps one of the most important accomplishments of my administration has been minding my own business.”" — Calvin Coolidge
Posts: 52,965
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 03:44 PM   #12
scho63 scho63 is offline
Politically Incorrect
 
scho63's Avatar
 

Join Date: Feb 2009
Location: Virginia
Casino cash: $38344
Quote:
Originally Posted by blaise View Post
Great. Now we need more huge investors to need bailouts and all our problems will be solved!
How ironic is this-the government is starting to make money in many of the bailout companies. The government continues to lose in all their investments in companies that were supposed to be promising in the green sector.

Go figure.......
__________________
---
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"
~Redd Foxx~



2013 2014 ADOPT A CHIEF
MIKE CATAPANO
Posts: 4,559
scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.scho63 wants to die in a aids tree fire.
  Reply With Quote
Old 12-11-2012, 05:32 PM   #13
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1255477
Quote:
Originally Posted by scho63 View Post
How ironic is this-the government is starting to make money in many of the bailout companies. The government continues to lose in all their investments in companies that were supposed to be promising in the green sector.

Go figure.......
Very Bain-like.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 26,764
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 12-11-2012, 05:39 PM   #14
Dick Bull Dick Bull is offline
Ugot 99 problems & Bull aint 1
 
Dick Bull's Avatar
 

Join Date: Aug 2001
Location: The Pitt State baby
Casino cash: $162268
Quote:
Originally Posted by HonestChieffan View Post
Very Bain-like.
I don't get the comparison.
Posts: 28,782
Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.Dick Bull is obviously part of the inner Circle.
  Reply With Quote
Old 12-12-2012, 11:10 AM   #15
Pitt Gorilla Pitt Gorilla is offline
Banned!
 
Pitt Gorilla's Avatar
 

Join Date: Sep 2000
Location: NOT Columbia, MO 65201
Casino cash: $104459
Pretty sure this is horrible news.
__________________

That rabbit is crazy; I'm Brian Waters!

Kotter: "You are lucky I'm truly not the vindictive or psycho type...I'd be careful from now on, and I'd just back the hell off if I were you....otherwise, the Mizzou "extension office" life might get exciting"

Kotter: "You're just gay. G-A-Y. Gay."
Posts: 20,263
Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.Pitt Gorilla is too fat/Omaha.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 01:46 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.