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I only know about AIG, but the government bailed them out with a 14% interest rate with money they got from China at a 3% interest rate. The bail out was probab

• jessaustin 12y ago
  Why wasn't the rate 50%? Why not 70%? It's not as though anyone else was stumping the cash. (Here's a hint: despite "how it all turned out", this deal was extremely risky at the time. That's why no one else stepped up. I thought they liked "capitalism"; why didn't they see what the market would have borne?) Neither is it as though the bailout was in any sense beneficial to the economy, because now all traders have priced an even more enormous automatic "Uncle Sam's Insurance" policy into all future deals these reptiles put together. AIG had to lump it or leave it, because they didn't own the last three Treasury secretaries. GS should have been in the same spot. That they weren't, is the epitome of self-dealing. Fuck that.