Comments on: Quote of the Day, Nationalizing AIG Edition http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/ Online Journal of Politics and Foreign Affairs Thu, 26 Nov 2009 03:22:53 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Michael http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513639 Michael Thu, 18 Sep 2008 19:34:55 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513639 <blockquote>Fannie Mae and Freddie Mac were nationalizations but they always carried the implied backing of the government.</blockquote>But an 80% stake in AIG doesn't imply government backing? AIG may not have been like Freddie and Fannie last week, but it's quite a bit closer now.

Fannie Mae and Freddie Mac were nationalizations but they always carried the implied backing of the government.

But an 80% stake in AIG doesn't imply government backing? AIG may not have been like Freddie and Fannie last week, but it's quite a bit closer now.

]]> By: Steve Plunk http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513637 Steve Plunk Thu, 18 Sep 2008 19:29:50 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513637 Crust, I would disagree. AIG has plenty of assets to back the loan and the government has no intention of running the business if AIG defaults. The 80% stake is only in the case of default. This is not anywhere near nationalization of a business. Fannie Mae and Freddie Mac were nationalizations but they always carried the implied backing of the government. Crust, I would disagree. AIG has plenty of assets to back the loan and the government has no intention of running the business if AIG defaults. The 80% stake is only in the case of default. This is not anywhere near nationalization of a business.

Fannie Mae and Freddie Mac were nationalizations but they always carried the implied backing of the government.

]]> By: Crust http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513429 Crust Wed, 17 Sep 2008 19:27:41 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513429 Steve Plunk: <blockquote>Is a loan the same as nationalization of a business?</blockquote> No, not necessarily. However when you combine it with the government getting an 80% equity stake it is. Steve Plunk:

Is a loan the same as nationalization of a business?

No, not necessarily. However when you combine it with the government getting an 80% equity stake it is.

]]> By: Michael http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513419 Michael Wed, 17 Sep 2008 18:47:13 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513419 <blockquote>"Socialists only nationalize successful businesses." And then promptly run them into the ground. But that's a story for another day. </blockquote>So what you're saying, is: In Capitalist America, failure socializes you?(*) (*)See, this is why OTB needs a moderation system, this should cost me something...

"Socialists only nationalize successful businesses."

And then promptly run them into the ground. But that's a story for another day.

So what you're saying, is: In Capitalist America, failure socializes you?(*)

(*)See, this is why OTB needs a moderation system, this should cost me something...

]]> By: Chris Lawrence http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513400 Chris Lawrence Wed, 17 Sep 2008 17:50:02 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513400 "Socialists only nationalize successful businesses." And then promptly run them into the ground. But that's a story for another day. "Socialists only nationalize successful businesses."

And then promptly run them into the ground. But that's a story for another day.

]]> By: Steve Plunk http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513397 Steve Plunk Wed, 17 Sep 2008 17:40:34 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513397 Is a loan the same as nationalization of a business? AIG has plenty of hard assets to secure the loan. Those assets include the "government backed" securities from Fannie Mae and Freddie Mac. Is a loan the same as nationalization of a business? AIG has plenty of hard assets to secure the loan. Those assets include the "government backed" securities from Fannie Mae and Freddie Mac.

]]> By: Crust http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513395 Crust Wed, 17 Sep 2008 17:36:42 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513395 Hilarious. Hilarious.

]]> By: DL http://www.outsidethebeltway.com/archives/quote_of_the_day_nationalizing_aig_edition/comment-page-1/#comment-513382 DL Wed, 17 Sep 2008 16:58:02 +0000 http://www.outsidethebeltway.com/?p=25206#comment-513382 What is a bailout anyway but a reverse windfall profits tax - think of it as a stimulus check for the government. What is a bailout anyway but a reverse windfall profits tax - think of it as a stimulus check for the government.

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