Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzI4NjkzNzM2XzMxM0ExRjM5] [b]European Markets – Relearning the AIG Lesson?[/b] by Bill Bergman Tuesday, 13. December 2011 [b]Moral Hazard Facing the Many, to the Benefit of the Few[/b] Several years ago, after American International Group (AIG) threatened some powerful players in the financial world with deserved extinction, the Federal Reserve and the U.S. Treasury extended massive financial aid to American International Group in 2008. This assistance didn’t just keep AIG afloat – it helped AIG make good on insurance and other financial promises it extended to large banks and other parties in financial markets. Some of AIG’s largest counterparties were actually based in Europe. In effect, the American Taxpayer was standing behind American International Group. Some of AIG’s largest exposures arose due to a financial instrument called a credit default swap. These instruments allow one party (the ‘protection buyer’) to hedge themselves, or otherwise bet against, any financial difficulty for another party (the ‘reference entity’) by effectively paying a form of insurance premium to a third party (the ‘protection seller’). AIG wrote massive amounts of protection against default on a wide range of instruments exposed to the housing crisis in the U.S., including huge pools of mortgage-backed securities and other derivatives. When AIG couldn’t make good on its own promises backing these instruments, our central planners stepped in and saved the company and its counterparties. That’s one reason we as taxpayers own a large majority stake in AIG today, a position on which we still have significant losses (to the tune of billions of dollars). [b]Continue: http://www.boilingfrogspost.com/category/bill_bergman-follow-the-money-with-bergman/[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
What Goes Into A SlimJim?
Blue eyed-people at higher risk for alcohol dependency
Destroying America 101: The Blueprint Exists
Government Trolls Are Using ‘Psychology-Based Influence Techniques’ On YouTube, Facebook And Twitter
Doomsday Preppers Are Getting Ready For An Imminent Collapse
Deal Reached: Wireless Remote Drug-Releasing Microchip Implants On The Assembly Line
Facebook Can Now Identify You in Pictures Even Without Your Face Showing
Milk producers are dumping out hundreds of thousands of gallons of milk, right into fertilizer pits in order to drive prices back up.
Brain study sheds light on how new memories are formed
"The Fallout Ratio" Is Flashing Red - The Chart That Realtors Don't Want You To See
Solar Impulse attempts to cross weather front
We may be heading toward a new food economy that's more competitive and innovative.
Jade Helm The Hard Core Truth Finally Explained!
This Online Anonymity Box Puts You a Mile Away From Your IP Address
600 Dogs Mysteriously Jump From 'Haunted' Bridge In Scotland
Russia to ban Coca-Cola and Pepsi
DARPA: We Are Engineering the Organisms That Will Terraform Mars
Uber Faces Another Privacy Complaint - Tracking Users After Leaving Car?
Baltimore Police Called Out For Making Up ‘Gang Violence’ Stories To Scare Public
DHS/Police say criminals drive cars that's why they're using a new infrared license plate scanning system
Obama Issues 19 Classified Directives Changing Laws Passed by Congress
How Activists Won Reparations for the Survivors of Chicago Police Department Torture
Teacher Fired After He Stepped On U.S. Flag In Class
Kindergarten Application Form Asks If Child Was Born By C-Section
Weird Crop Patterns Appear In England (Video)
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.008s (12 queries)