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	<title>Comments on: iBanks Grabbed $50 Billion in AIG Bailout Cash</title>
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	<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: slickdawg</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151678</link>
		<dc:creator>slickdawg</dc:creator>
		<pubDate>Sun, 08 Mar 2009 15:22:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151678</guid>
		<description>Doug, violence will not, unfortunately, resolve the situation.   Americans are too damned stupid to do anything.   Politicians do not fear the voters, nor do they respect them.  They feel that it is their sovereign right to stay in office as long as they please, and screw us over as much as they want.  I thought Bush had gotten way out of control with spending.  Obama comes in and deliveres the change he promised, over DOUBLE the budget Bush had, even in war.</description>
		<content:encoded><![CDATA[<p>Doug, violence will not, unfortunately, resolve the situation.   Americans are too damned stupid to do anything.   Politicians do not fear the voters, nor do they respect them.  They feel that it is their sovereign right to stay in office as long as they please, and screw us over as much as they want.  I thought Bush had gotten way out of control with spending.  Obama comes in and deliveres the change he promised, over DOUBLE the budget Bush had, even in war.</p>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151675</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Sun, 08 Mar 2009 14:54:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151675</guid>
		<description>next in tube lineup .. Face t&#039; Nation .. GOP John Boehner seems to have lost his color sense .. blue tie and no flag pin

I&#039;m guessing ya can&#039;t wear the WTO rgb pin colors just yet and red ties are out this year (camo is out too) ... I like the technicolor ties myself</description>
		<content:encoded><![CDATA[<p>next in tube lineup .. Face t&#8217; Nation .. GOP John Boehner seems to have lost his color sense .. blue tie and no flag pin</p>
<p>I&#8217;m guessing ya can&#8217;t wear the WTO rgb pin colors just yet and red ties are out this year (camo is out too) &#8230; I like the technicolor ties myself</p>
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		<title>By: farmera1</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151661</link>
		<dc:creator>farmera1</dc:creator>
		<pubDate>Sun, 08 Mar 2009 13:46:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151661</guid>
		<description>Barry, there is a great article in the January 19, 2009 FORTUNE magazine that is well worth reading about 
AIG.   After reading it would be interesting to hear your comments.  

AIG:  THE COMPANY THAT CAME TO DINNER

http://www.insurancenewsnet.com/article.asp?a=top_news&amp;id=102152

My take away from the article (agree or not) is that the government had no choice but to funnel money to AIG.  The article is a little dated but still very much on track IMHO.</description>
		<content:encoded><![CDATA[<p>Barry, there is a great article in the January 19, 2009 FORTUNE magazine that is well worth reading about<br />
AIG.   After reading it would be interesting to hear your comments.  </p>
<p>AIG:  THE COMPANY THAT CAME TO DINNER</p>
<p><a href="http://www.insurancenewsnet.com/article.asp?a=top_news&#038;id=102152" rel="nofollow">http://www.insurancenewsnet.com/article.asp?a=top_news&#038;id=102152</a></p>
<p>My take away from the article (agree or not) is that the government had no choice but to funnel money to AIG.  The article is a little dated but still very much on track IMHO.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151659</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Sun, 08 Mar 2009 13:45:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151659</guid>
		<description>philipat, 

Well, I was alluding to those who don&#039;t get: &quot;The point being, Nationalise AIG and let the Hedge Fund side of AIG go. Then the CDS’s all get netted out OR defaulted on. Shame GS, FU, you created the problem. Why should the taxpayer pay GS?&quot;

or

&quot;What you’re missing is that most of the posters here are suffering from either a surfeit of moral outrage or they don’t know their ass from their elbow&quot;

but, this &quot;I’m certainly not making new investment decisions on heresay&quot;, never hurts, either !~

and, this: &quot;if we carry on like this, there won’t BE any paychecks.&quot; is w/o question.</description>
		<content:encoded><![CDATA[<p>philipat, </p>
<p>Well, I was alluding to those who don&#8217;t get: &#8220;The point being, Nationalise AIG and let the Hedge Fund side of AIG go. Then the CDS’s all get netted out OR defaulted on. Shame GS, FU, you created the problem. Why should the taxpayer pay GS?&#8221;</p>
<p>or</p>
<p>&#8220;What you’re missing is that most of the posters here are suffering from either a surfeit of moral outrage or they don’t know their ass from their elbow&#8221;</p>
<p>but, this &#8220;I’m certainly not making new investment decisions on heresay&#8221;, never hurts, either !~</p>
<p>and, this: &#8220;if we carry on like this, there won’t BE any paychecks.&#8221; is w/o question.</p>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151658</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Sun, 08 Mar 2009 13:41:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151658</guid>
		<description>driven by the CBS SundayMorn piece on Multiple Personality Disorder .....
doctor A it exists .. doctor B its a planted notion .. HercshelW dont tell me . dope . I had/have it

I wonder what the landscape would look like in a world not driven by the need for cash ....?

and another
worth a minute of your time &quot;Long Now Foundation&quot;

would Rap have flouirshed?</description>
		<content:encoded><![CDATA[<p>driven by the CBS SundayMorn piece on Multiple Personality Disorder &#8230;..<br />
doctor A it exists .. doctor B its a planted notion .. HercshelW dont tell me . dope . I had/have it</p>
<p>I wonder what the landscape would look like in a world not driven by the need for cash &#8230;.?</p>
<p>and another<br />
worth a minute of your time &#8220;Long Now Foundation&#8221;</p>
<p>would Rap have flouirshed?</p>
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		<title>By: philipat</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151646</link>
		<dc:creator>philipat</dc:creator>
		<pubDate>Sun, 08 Mar 2009 11:26:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151646</guid>
		<description>@MEH

True, BUT if we carry on like this, there won&#039;t BE any paychecks. Anyway, I don&#039;t need one and in any case have been short for over a year so, whilst it might be a case of preaching to the converted, I&#039;m certainly not making new investment decisions on heresay, if that&#039;s what you mean!</description>
		<content:encoded><![CDATA[<p>@MEH</p>
<p>True, BUT if we carry on like this, there won&#8217;t BE any paychecks. Anyway, I don&#8217;t need one and in any case have been short for over a year so, whilst it might be a case of preaching to the converted, I&#8217;m certainly not making new investment decisions on heresay, if that&#8217;s what you mean!</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151635</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Sun, 08 Mar 2009 08:15:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151635</guid>
		<description>philipat, 

some things are too simple..\

and, you remember the ol&#039; adage: &quot;One of the most difficult things to do is to get a man to see what his Paycheck tells him not to..&quot;

also, remember, whether its Water, Oil, or Opinions, consider the Source..</description>
		<content:encoded><![CDATA[<p>philipat, </p>
<p>some things are too simple..\</p>
<p>and, you remember the ol&#8217; adage: &#8220;One of the most difficult things to do is to get a man to see what his Paycheck tells him not to..&#8221;</p>
<p>also, remember, whether its Water, Oil, or Opinions, consider the Source..</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151633</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Sun, 08 Mar 2009 08:09:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151633</guid>
		<description>Ks, 

re: link  no prob..

re: erudition of some these actors on the Poli-Sci-Fi stage?  big problem..

as to allude to: The key to wisdom is knowing what you don&#039;t know.

with that, never hurts to understand more than one perspective, whether it&#039;s Trading, Digging Wells, or just plain gettin&#039; on w/ things..

it is interesting that you mention &#039;swing trading&#039;, from this vantage point, I&#039;d doubt, highly, we&#039;ve, yet, seen the Highs in Volatility..should be a swingin&#039; time, let&#039;s hope not too many innocents get knocked out..

and, as you were saying, a huge diff. &#039;tween Price and Value can be found in many Markets..

also, remember when there&#039;s not much to Buy, there&#039;s, usually, lots left to Sell..</description>
		<content:encoded><![CDATA[<p>Ks, </p>
<p>re: link  no prob..</p>
<p>re: erudition of some these actors on the Poli-Sci-Fi stage?  big problem..</p>
<p>as to allude to: The key to wisdom is knowing what you don&#8217;t know.</p>
<p>with that, never hurts to understand more than one perspective, whether it&#8217;s Trading, Digging Wells, or just plain gettin&#8217; on w/ things..</p>
<p>it is interesting that you mention &#8216;swing trading&#8217;, from this vantage point, I&#8217;d doubt, highly, we&#8217;ve, yet, seen the Highs in Volatility..should be a swingin&#8217; time, let&#8217;s hope not too many innocents get knocked out..</p>
<p>and, as you were saying, a huge diff. &#8216;tween Price and Value can be found in many Markets..</p>
<p>also, remember when there&#8217;s not much to Buy, there&#8217;s, usually, lots left to Sell..</p>
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		<title>By: philipat</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151632</link>
		<dc:creator>philipat</dc:creator>
		<pubDate>Sun, 08 Mar 2009 08:03:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151632</guid>
		<description>@Ottob. Glenstein………What you’re missing is that most of the posters here are suffering from either a surfeit of moral outrage or they don’t know their ass from their elbow…….Somewhat amazingly to me BR seems to have joined the guys with tar and feathers…..Perhaps he thought all the counterparties to these swaps were The Salvation Army and the Knights of Columbus (actually the latter could be since they own a large insurance company).

The point being, Nationalise AIG and let the Hedge Fund side of AIG go. Then the CDS&#039;s all get netted out OR defaulted on. Shame GS, FU, you created the problem. Why should the taxpayer pay GS?</description>
		<content:encoded><![CDATA[<p>@Ottob. Glenstein………What you’re missing is that most of the posters here are suffering from either a surfeit of moral outrage or they don’t know their ass from their elbow…….Somewhat amazingly to me BR seems to have joined the guys with tar and feathers…..Perhaps he thought all the counterparties to these swaps were The Salvation Army and the Knights of Columbus (actually the latter could be since they own a large insurance company).</p>
<p>The point being, Nationalise AIG and let the Hedge Fund side of AIG go. Then the CDS&#8217;s all get netted out OR defaulted on. Shame GS, FU, you created the problem. Why should the taxpayer pay GS?</p>
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		<title>By: kstoaks</title>
		<link>http://www.ritholtz.com/blog/2009/03/ibanks-grabbed-50-billion-in-aig-bailout-cash/comment-page-3/#comment-151630</link>
		<dc:creator>kstoaks</dc:creator>
		<pubDate>Sun, 08 Mar 2009 07:54:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=21094#comment-151630</guid>
		<description>As a computer guy that&#039;s been hanging out around the Oil &amp; Gas bidness down here in Tejas, banks are not the only dudes that traded their assets back and forth.  The independent O&amp;G guys seem to do this too.  I see the same properties turn up in different sets of books every boom cycle, except this time they&#039;re owned by XYZ for $40 million, rather than The Disreputable Company at $10 million.  They will be written down to $1 million like they were last time.

I guess it was real estate&#039;s (and by default, banks) turn in the confessional.  But so much capital has been destroyed in this particular cycle, my neighbors and those not fortunate enough to hear Barry&#039;s cry of &quot;We&#039;ve Big Honkin&#039; Hit Rocks, Into Cashboats, Boys!!&quot; are financially obliterated.

Those high $ acquisitions are just killing some of the O&amp;G outfits (happens every boom/bust, natch), but the ones that didn&#039;t do anything idiotic are priced for Armageddon, so there&#039;s (black) gold in them thar hills somewhere.  Someday.

That&#039;s part of the reason I&#039;m interested in the Elliot stuff.  It seems to be a pretty good tool for my &quot;hold overnight&quot; style.  I consider the markets temporary closed for trading, so I might as well hunt for the Next Great Arrow for the timing quiver.  I&#039;m itchy-fingered, but I have a deep, abiding respect for avoiding buys at the tops of Bollinger Bands (no danger of that now).   Elliot seems to be able to see farther into the future than Bollinger, and help me better tell when Someday might actually occur.

k</description>
		<content:encoded><![CDATA[<p>As a computer guy that&#8217;s been hanging out around the Oil &amp; Gas bidness down here in Tejas, banks are not the only dudes that traded their assets back and forth.  The independent O&amp;G guys seem to do this too.  I see the same properties turn up in different sets of books every boom cycle, except this time they&#8217;re owned by XYZ for $40 million, rather than The Disreputable Company at $10 million.  They will be written down to $1 million like they were last time.</p>
<p>I guess it was real estate&#8217;s (and by default, banks) turn in the confessional.  But so much capital has been destroyed in this particular cycle, my neighbors and those not fortunate enough to hear Barry&#8217;s cry of &#8220;We&#8217;ve Big Honkin&#8217; Hit Rocks, Into Cashboats, Boys!!&#8221; are financially obliterated.</p>
<p>Those high $ acquisitions are just killing some of the O&amp;G outfits (happens every boom/bust, natch), but the ones that didn&#8217;t do anything idiotic are priced for Armageddon, so there&#8217;s (black) gold in them thar hills somewhere.  Someday.</p>
<p>That&#8217;s part of the reason I&#8217;m interested in the Elliot stuff.  It seems to be a pretty good tool for my &#8220;hold overnight&#8221; style.  I consider the markets temporary closed for trading, so I might as well hunt for the Next Great Arrow for the timing quiver.  I&#8217;m itchy-fingered, but I have a deep, abiding respect for avoiding buys at the tops of Bollinger Bands (no danger of that now).   Elliot seems to be able to see farther into the future than Bollinger, and help me better tell when Someday might actually occur.</p>
<p>k</p>
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