Cramer on AIG Disaster

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Cramer: The Market's Fate Rests With AIG
Jim Cramer explores the two possible scenarios for AIG and the ramifications of both.

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Im Glad i live in ... ( 3 months ago by guslingus)

Im Glad i live in Australia ,, You guys should be so angry...

Well, I live in ... ( 2 months ago by breastinspector2)

Well, I live in America, but I am still too young to have my own full time job, retirement plan, stocks, or any of that yet. So, I suppose I'll just sit back, relax, and enjoy my little boat ride before I hit the waterfall of our economy. If things go from bad to worse, there's always Canada.

I hope you can ... ( 2 months ago by guslingus)

I hope you can swimm OK... Cheers

We aren't even ... ( 2 months ago by golden79)

We aren't even close to hitting bottom yet. The Dow has dropped over 3000 points in under a month-and-a-half. People estimated the Dow to hit 8000 around January. At this rate, we will be looking at 6000 by the end of the month.
The bailout is worthless, unless businesses change the way the do business. And AIG execs are already pissing away their bailout money on spa retreats! There need to be some checks and balances put in play.

We are going to be ... ( 2 months ago by michaelhuddleston)

We are going to be close to closing below 8000 today! and thank you very much golden79. You are the first person to address the real issue. It is not that the banking system needs money, not that we need to nationalize banks, or bail out companies. It is how we are spending that money. We passed a bailout package that in essence bails out banks with money that does not exsist. The country in in 10 Trillion dollars of debt. Where the hell did we come up with $700 billion?

Google 'Money ... ( 2 months ago by redletterchurch)

Google 'Money Masters video' and watch this 3.5 hr documentary. I don't know if everything in it is true...but it really opened my eyes. It was made in 1996 and seems to have been prophetic regarding the current banking melt-down. It's a rat race...and the rats are winning. Let's set some rat-traps for the big-cheeses! SNAP!!!

EAT THE RICH!!!! ( 2 months ago by Grizzmeister2)

EAT THE RICH!!!!

Insurance gains ... ( 2 months ago by primesteak)

Insurance gains when there is fear. There is less fear in 2008 than there was in 2002. Therefore AIG lost money.

WRONG!!!!!!!!!!!!!! ( 2 months ago by vegasrealtor1)

WRONG!!!!!!!!!!!!!!

If Wells fargo is ... ( 2 months ago by golden79)

If Wells fargo is bought out, then yes. the new parent company would like to minimize the debt it is assuming, therefore you are expected to continue paying.

Sure. The fed can ... ( 2 months ago by golden79)

Sure. The fed can indeed create as much money as they want. But at a certain point, that paper money becomes worthless because too many people are holding it. The only thing this bailout will do, unless checks and balances are put into play, is further dilute the dollar.

Get competent ... ( 2 months ago by golden79)

Get competent people in power. Watch videos of Ron Paul grilling Bernanke and watch Bernanke try to pass off responsibility. And then Ron Paul had to give HIM an economics lesson and remind him of his job description.
The goverment doesn't know how to handle this mess.
For those who wave off what Cramer is saying, you may be oblivious to the ramifications that may very well come. Hell, you may even think 'the fundamentals of the economy are sound.' Oh, I think that has been said before..

I think the most ... ( 2 months ago by golden79)

I think the most disturbing news so far came last week. Seeing that some companies who are getting bailed out are actually considering handing out bonuses, especially in the midst of huge failure is outrageous.
Sure, Paulson. Hand them the $700B and lay out NO guidelines. Compulsive gamblers will continue to gamble especially when it's not their money. This bailout has a hole that gets bigger every day as people realize its weaknesses. And they are considering bailing out the auto industry?

As I understand it: ... ( 1 month ago by musolinilampost)

As I understand it:
If a bankrpucy judge and his people came in and assigned a 'value' to the mortgage default swaps, derivatives and other toxic exotics that AIG holds, all the other money center banks, i-banks and insurance companies holding this shit paper would be forced to write down the value of reams of this stuff they are holding, 1.4 QUADRILLION!
Most are by law BANKRUPT.
Protest the FED Day 22Nov!
Repeal The Federal Reserve Act. H.R.2755 by
Ron Paul.
It will take a Revolution!

Calling All ... ( 1 month ago by musolinilampost)

Calling All Patriots!
Have you heard?
Nov 22nd Huge Rally/Protests Outside Every Federal Reserve in all 12 Federal Reserve Districts.
Repeal The Federal Reserve Act if you want your freedom back. Period.
Read G. Edward Griffins' "The Creature From Jekyll Island" before the event.
Aron Russo's AFTF.
Educate yourself and others then join us in action.
These Central Bankster Ratbastards have subjected us to 1.4 QUADRILLION in mortgage default swaps, derivatives and other toxic exotics.

crap, crap, crap. ... ( 1 month ago by dispatchsm)

crap, crap, crap. let them fall.

Capitalist ... ( 1 month ago by BertGraef)

Capitalist extortion schemes. The taxpayers of the world are screwed over again.

This like that old ... ( 1 month ago by dv84good)

This like that old daying: Steal from me once, shame on you. Steal from me twice, shame of me. I didn't think the republicans could do too much more damage before they left, but I was wrong.

This man is a shill ... ( 1 month ago by foxxx2001)

This man is a shill for the "International" Bankers. His words mean NOTHING!
Also hows is Israel's economy?
Are they feeling the pain like the rest of us?
Will tye USA and Europe continue to pay them(WELFARE) free billions every year?
READ: The Protocals Of The Learned Elders Of Zion!

if they can't fail ... ( 1 month ago by shakaama)

if they can't fail then this is what we do.
what do you do when your son comes to you and say dad, i'm broke and i have tickets i can't pay, credit card i can't pay, and car note i can't pay.
you pay everything off they need to pay off, call in loans he lent, and take his car, credit card, and driver's license.
that's what you do. pay off aig illiquid expenses, call in all their loans. and shut the company down and divide it up.
problem friggin solved.

We should stop all ... ( 1 month ago by longlastting)

We should stop all bailouts; otherwise, the us economy will fall into deeper deflation.

Ummm last I heard ... ( 1 month ago by shegax03)

Ummm last I heard Clinton Signed the free trade agreement, which started Exportation of jobs. We make nothing....this is a phony service economy. My god Germany has a much smaller population, yet they export, and produce more than we do. No machine jobs, no metal foundries, no manufacturing warehouses. China makes everything, and because of that, They have us by the Balls economically. Every nation knows they can't go against us militarily...the best weapon is economics

In my opinion he ... ( 2 weeks ago by sderenzi)

In my opinion he looks really, really nervous here, not sure what was the matter but it wasn't like his normal tv appearances I think :\

Cramer looks ... ( 1 week ago by jdbs2009)

Cramer looks different when he's not whaling and waving his arms every where. He looks like a little kid in this video all hands to himself. =P Anyways, its been 4 months since this vid, aig is still alive, I hop no more jobs are lost, lets start moving up from the bottom.

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