- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
He questioned why Congress refuses to bail the car companies a measley $15 bil but gave AIG 150 BILLION and AIG won't say where it went.
Cramer said, he suspects that the billions went to AIG to pay European banks who were skirting Euro bank rules. In an accounting machination, banks were getting AIG to back loan principals to avoid the Euro Regulators.
If so that $150 BILLION plus is 'poof' gone...forever.
Meanwhile the Europeans say they won't drop interest rates as low as the U. S. meaning the Euro will remain very strong against other currencies, particularly the dollar. If Cramer is right, the Europeans have screwed us...twice.
Cramer said, he suspects that the billions went to AIG to pay European banks who were skirting Euro bank rules. In an accounting machination, banks were getting AIG to back loan principals to avoid the Euro Regulators.
If so that $150 BILLION plus is 'poof' gone...forever.

Meanwhile the Europeans say they won't drop interest rates as low as the U. S. meaning the Euro will remain very strong against other currencies, particularly the dollar. If Cramer is right, the Europeans have screwed us...twice.