AIG bailout is "one-off event," says head of U.S. rescue fund

Source: Janet Whitman/ Financial Post

New York: The U.S. government's use of bank bailout money to fund a $150-billion rescue of global insurance giant American International Group doesn't mark a shift in strategy, the head of the bailout fund said Monday.

AIG's bailout is "a one-off event," Neel Kashkari, interim head of US government's US$700-billion bank rescue fund, told a financial industry conference here.

Read more: http://www.financialpost.com/story.html?id=946907

Maybe they meant to say one-of event?
Here's a critical AIG thread from our DU archives for those that love the truth.

"What was AIG 'insuring' for all those black budget networks?" (started 10-4-2008)
http://www.democraticunderground.com/discuss/duboard.ph...

We are only going to break the law just this once and only for our personal friends. So what's the harm?

where's my dividend check?

(and yes, this is related to AIG's "bailout" in the context of AIG's history of black budget networking)

The CIA's Family Jewels (posted June 21, 2007)
http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB222/index.htm

Quote from Reuters article...

<<He (CEO Liddy) acknowledged the possibility, though, that even $150 billion might not be enough. "There is more breathing room, but the answer is, 'What do you think is going to happen to capital markets?'" he said. "Under any normal scenario, I think we are in pretty good shape. But you can never say never>>

http://www.reuters.com/article/innovationNews/idUSTRE4A...

It's kind of an insult, actually. "F**k you, I don't have to explain myself."

I've got this "maybe 6 weeks" long war in Iraq I want to sell you.

repost from the Overseas Indian Facilitation Centre-more biographical material about this "interim" $700-billon BFEE apparatchik

http://www.oifc.in/news_october08_015.asp

Hell, English is my first language and I NEVER understand ANYTHING that comes from a politician or out of Washington anymore. I need to find out where I can get some lessons in whatever speak that is.

Means one time. Its like saying one-shot.

Message removed by moderator. Click here to review the message board rules.

kinda like Bush v Gore, huh?	librechik	Nov-10-08 03:11 PM	#1
And just think, librechik, you and I and every other US citizen now has AIG in our "portfolios"	bobthedrummer	Nov-10-08 03:16 PM	#2
I feel richer already	librechik	Nov-10-08 03:23 PM	#3
Another valuable resouce for US citizens-the Banks Watch page at Third World Traveler	bobthedrummer	Nov-10-08 03:23 PM	#4
Here is a link to The National Security Archive's Electronic Briefing Book 222	bobthedrummer	Nov-10-08 03:40 PM	#5
until next week anyway...	amdezurik	Nov-10-08 03:50 PM	#6
...But....150 Billion may not be enough......	jannyk	Nov-10-08 04:11 PM	#7
BWHAHAHAHAHAHA!	Karenina	Nov-10-08 04:13 PM	#8
You have such an understated way with your words, my friend...	bobthedrummer	Nov-10-08 04:19 PM	#10
He means he has no explanation, or he doesn't want to tell you the explanation.	bemildred	Nov-10-08 04:15 PM	#9
Yep, and he's another Goldman-Sachs vet plus a rocket engineer...	bobthedrummer	Nov-10-08 04:21 PM	#12
Goldman-Ballsac you mean. Lol	PfcHammer	Nov-10-08 06:36 PM	#19
Neel Kashkari = Bad, Bad News...	MessiahRp	Nov-10-08 04:20 PM	#11
There it is...	bobthedrummer	Nov-10-08 04:21 PM	#13
how about-fuck you to the head of us rescue fund	natrat	Nov-10-08 04:26 PM	#14
Anyone who believes AIG won't siphon more money	mile18blister	Nov-10-08 04:35 PM	#15
"Indian-born Neel Kashkari launches US financial rescue" (10-20-08 The Times of India)	bobthedrummer	Nov-10-08 04:39 PM	#16
'one-off' event? What the hell does that mean.	acmavm	Nov-10-08 05:41 PM	#17
One-off....	WriteDown	Nov-10-08 05:49 PM	#18
Every man and woman in this country would also like their own "one-off event"	high density	Nov-10-08 06:52 PM	#20
When I play the daily number, I've had those "one-off events" ............. n/t	corporatemedia	Nov-10-08 08:54 PM	#21
Deleted message	Name removed	Nov-10-08 10:12 PM	#22
The "bottom" hasn't been reached at all, kick...	bobthedrummer	Nov-12-08 04:14 PM	#23
one more kick	bobthedrummer	Nov-13-08 03:52 PM	#24
Says the freshman financial expert.	Roland99	Nov-13-08 03:56 PM	#25
"Kneel cash and carry"-Kick!	bobthedrummer	Nov-15-08 03:48 PM	#26