To: HEY4QDEMS
the real crime which is Goldman Sachs getting 10 billion dollars
If I filed an insurance claim against an insured legitimate loss, I'd expect to be paid.If my house burns down and my insurer goes bankrupt three days later I'm not getting any money
Goldman Sachs and other parties knew all about AIGs notorious credit default swap division in London England and that AIG was issuing insurance (these swaps) they could not cover
8 posted on
03/21/2009 3:41:41 AM PDT by
dennisw
(0bomo the subprime president)
To: dennisw
be paid. If my house burns down and my insurer goes bankrupt three days later I'm not getting any money
That is correct, but if the government gave the insurance company a bailout to continue operating as an insurer, you will get your money. That was the purpose of the bailout to begin with, to cover claims.
Had AIG not been bailed out as they shouldn't have been, GS and the other policy holders would not be collecting anything.
To: dennisw
“If my house burns down and my insurer goes bankrupt three days later I’m not getting any money
Goldman Sachs and other parties knew all about AIGs notorious credit default swap division in London England and that AIG was issuing insurance (these swaps) they could not cover.”
Precisely, d!
What all this demonstrates is that the system has been run, whether by Rs or Ds, for and by the plutocrats. In the meantime we’re all suckered by the politicians and exploding heads of the talk, print and TV media who work for or actually are them!
11 posted on
03/21/2009 4:01:53 AM PDT by
Kolokotronis
(Christ is Risen, and you, o death, are annihilated!)
To: dennisw
BTW, I just read your same post on bostonherald.com.
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