May the Gargoyle Be With You - Follow my blog on your site or Google reader

Monday, March 02, 2009

Where the money goes ....

Okay so everyone, including me, has been ooo-ing and awww-ing and shaking their head at the Citibank/group situation ....

MSNBC had the following:

AIG
$150BILLION Federal Money recieved
$ 30BILLION Additional Federal Loans wanted
80% Gov. Stake in AIG

Okay now look at your 401K statement -- my guess is that you have a stake in AIG ... well you can kiss that share of your retirement gone. Once the government goes in, the investors (which you are) lose their shares - they get NOTHING.

BUT the one thing this does show is that -- we would have been okay if the other nations hadn't tumbled as well. AND THAT has been the truth of every economic slump in history.

No comments:

USGS Earthquake Monitor

Buttons, Buttons, We've Got Buttons!

The Current State of the US Stock Market
Visit The Greenhouse The WeatherPixie
Click here to join MonthlyDishcloths Click to join MonthlyDishcloths
Subscribe to cheysuli
Powered by groups.yahoo.com

I'm gingergargoyle

gingergargoyle

This is the 3D me. Make your own, and we both get Coinz!

Traffic Cam Widgets