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 85 billion dollar bailout in 2008  Concerned about collapse of the economy  Now up to 180 billion dollars  Tax payers money  Money amount.

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Presentation on theme: " 85 billion dollar bailout in 2008  Concerned about collapse of the economy  Now up to 180 billion dollars  Tax payers money  Money amount."— Presentation transcript:

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6  85 billion dollar bailout in 2008  Concerned about collapse of the economy  Now up to 180 billion dollars  Tax payers money  Money amount continues to increase  1.6 trillion dollar worth of lethal credit default swaps

7  Declare Bankruptcy  Chapter 11  Not nearly as bad as it is now  Fear of collapse  The bailout is said to be failing  Spending Money the Government and tax payers do not have

8  Said bankruptcy would have not created economic havoc  Current plan will not work  Tax payers will only receive pennies on the dollar  Company should be rebuilt  So taxpayers can eventually be repaid

9  Short run  The $85 Billion bailout  Quick fix  Long Run  Let the company fail  Let other companies pick up the pieces  Eventually would help the Economy

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11 Gross, Daniel. “Against All Odds.” Newsweek 155. 12 (2010): 25. Academic Search Premier. Web. Dash, Eric. “U.S. to sell 27% stake in Citigroup This Year.” New York Times, 30 Mar 2010: 3. Academic Search Premier. Web. 20 Nov 2011. “Obama: AIG Can’t Justify ‘Outrage’ of Bonuses.” Youtube.com. 16 Mar 2009 http://www.youtube.com/watch?v=RLRCdmeepwc&feature=fvsr. http://www.youtube.com/watch?v=RLRCdmeepwc&feature=fvsr Carty, Sharon Silke. “Ford Profits From Auto Bailouts.” USA Today n.d.: Academic Search Premier. Web. 20 Nov 2011.

12  http://online.wsj.com/article/SB122156561931242905.html, U.S. to Take Over AIG in $85 Billion Bailout, Matthew Karnitsching, Deborah Solomon, Liam Pleven, Jon E. Hilsenrath, September 1, 2008 http://online.wsj.com/article/SB122156561931242905.html  http://www.thenation.com/article/153929/aig-bailout- scandal, AIG Bailout Scandal, William Greider, August 6, 2010 http://www.thenation.com/article/153929/aig-bailout- scandal  http://www.cbsnews.com/stories/2008/09/16/business/mai n4453942.shtml, U.S. Announces $85 Billion Bailout of AIG, April 17, 2009 http://www.cbsnews.com/stories/2008/09/16/business/mai n4453942.shtml  http://abcnews.go.com/Politics/Business/story?id=7237477 &page=1, Greenberg Says AIG Bailout was Avoidable, Matthew Jaffe, April 2, 2009 http://abcnews.go.com/Politics/Business/story?id=7237477 &page=1


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