₦airaland Forum

Hideki:
If AIG could be saved Lehman too could have been saved. Well we all learn our lessons. But in no distant future another one will spring up.

Lehman not being saved was all about politics. Hank Paulson who was then head of Treasury was the former CEO head at Goldman Sach. Lehman was Goldman's main competitor and just as in any business if have a chance to knock out your main competitor guess what, you will do it. That was exactly what Paulson did. He refused to bail out Lehman on Monday then turned around on Friday to bail out AIG. To hell with collateral damages

Hideki:
Absolutely, that is why it is good to reduce your exposure to a certain industry and spread your risk. Maintain the single obligor limits at all times and you will be safe. But greed and insatiable nature of man. Looking at the Lehman brothers, who would believe the housing bubble burst will send them packing. Funny enough they had a AAA rating. Well, I am of the opinion that the US govt could have saved the bank...

AIG (America Insurance Group) had to be saved because 90% of the whole world insurance credit swaps were bought from AIG. Trust me it was a bargain using $760 Billion to bailed out AIG I thought it would have been higher. When your is in an accident you expect your insurance to come through well AIG was all the world bank insurance holder.

shogsman:
Yes we've got a great millitary but not the best in the world, reality is different than paper,all those aircraft carrier can be sank with a single hypersonic missile not worth 1% of the price.
When you talk about superiority yes USA is more superior than most countries except Russia China India

Including those countries. We are freaking bigger than them. With a budget of over $889 Billion we better be. Seven Fleet alone is on par with China. China military budget is $239B, Russia $90B, and India $40B, Add up the next top ten countries' military budget after the USA they are all still lagging

Hideki:
You are correct Japan and china in that order but most importantly, the debts are denominated in USD

As long as we have the dollar. It is our get-out of jail card. We can do anything we want. 2008 should have served notice American banks were sick and the rest of the world enter the comatose stage, Why? because the rest of the world's money was in USA banks. Lehman went out of business and took down so many countries. When someone owes you a large sum of money everyday you wake up to do your morning devotion trusts me you include that person in your prayer for self-preservation

ccjoe:
Bro forget that hype, Nigeria's military is stronger than the US on land and water flat out...aside the nuclear weapon and aircraft they're weak...leave budget matter..no be by budget bro..

Partner Nigeria military will never be on the same level militarily as California National Guard so just stop with the craziness. California National Guard's budget alone last year was $3 Billion.

Elsueno:
lmao! if they wake up & print notes to clear Thier debt, that would be the end of d U.S economy, U think other countries are fools?...And yes, U.S currently borrows from China

If Treasury ever decided to print notes to cover the debt nothing any other countries can do. The only downside to this idea will be inflation and stagnation in the economy. US does not borrow from China. China buys treasury bonds to hedge against oil price increases since oil is priced in dollars. Ditto for all institutions buying bonds, all hedging against inflations

Hideki:
I taught I was dealing with someone highly cerebral, I didn't know I was talking to someone who is not grounded in global economics. Firstly, I studied in both US and UK and I will tell you again that the US debt is a domestic debt. Now let me educate you like a lay man. Government is the biggest buyer and the biggest spender and the biggest DEBTOR in every economy. Government debts are used to balance cash flow in the economy. Where debt becomes worrisome is if you have a debt in a currency that you fo not control. The Nigerian government, issues billions of debt instrument (treasury bills) twice a week and FGN bonds. The Nigerian govt cannot default in this debt because it is in naira. The government has the capacity to exchange the debts with a new debt at maturity or simply print more notes and yes (government do print does daily). The Us bank is a reserve bank and when the Us govt owes you, they owe you in their currency. Meaning they cannot default. So the Us the world is their domestic market. Saudi Arabia sells their oil in USD. Even the UK charges their visa fee in USD. So the US govt does not worry about their debt like the Nigerian govt whose debts are in USD.

The domestic portion of the debt is 80% (Pension plans, Retirement accounts) California pension plan alone accounts for 45% of the debt. The obvious reason is that California is the 6th largest economy in the world. Yeap 6th largest in the world.
The external portion is 20%. The largest external bondholder is Japan followed by China

phatriqk:
My point here is that people assert this fact that US is the world's most powerful nation because of their supposed military might, because in terms of technology innovation and what have you there other countries who can compete and even surpassed US in those areas, people base their facts base main stream media, even in military might there are countries that can go toe to toe with US in warfare, the only advantage the US use to oppress other nations is nuclear weapons, keep nuclear weapons aside and see how many countries the US can successfully invade and occupy at this present age and time.

Number one thing that made USA the world leader ------ DOLLAR. Even China don't trust their own currency they prefer to do business in dollar. Ask the Arabs if they want their money in Yuan or dollars. That currency is backed by the full faith of the USA government. Take away the dollar then this country will be in freaking bad shape with $33 Trillion debt. Last year's interest payment on the debt was $239B dollars yes i typed Billion.

phatriqk:
Africans need to outgrow this mentality, inferiority complex, most powerful nation my ass, aside nuclear weapons nothing US has against other nations, take away their nuclear weapons and see how weak and vulnerable the US is, if it wasn't for corruption Nigerian military would have been on par with the US.

USA ain't Russia partner I got news for you if China does not have nuclear weapons the Seventh Fleet will be anchoring at Shanghai port right now. USA has so much conventional weapons that the rest of the world only dreams of. Just 16 HIMARS with 50 miles range that was developed in 1996 is causing so many problems for Russia just imagine what would have happened if newer multiple rocket launchers with ranges over 200 miles had been used armed with Napalm. That would have been ugly.

juman:
Stupid American politicians.
They are bad example to world democracy.
God bless Obama.
God bless ordinary Americans.

FYI Obama was a politician just a reminder.

Beremx:
Las las she will still get married and have kids or she might decide to just have kids. With all the body counts, she’s still gorgeous. E be like say na men dey suffer for sex pass woman.

Let me and you put that theory to test ?

Paperwhite:
Some Nigerians dey japa, these ones see something we don't see and they are simply strolling in confidently. Different stroke for different folks.

Exactly what I am thinking who in their right mind wants to be a citizen of that country?

MrBrownJay1:
this brotha will learn the hard way the age old saying:"THOU SHALL NOT TRY TO TURN OLOSHOES INTO HOUSEWIVES!!!!

brothas, brothas, brothas, the rules are very simple: you pick the babe from street, chop, then take her right back to the street corner you met her, and let some other brotha sample the olosho. trying to wife these wh0res is not only BLASPHEMOUS but also very SELFISH!

BTW the fact that this yeye woman is even running her mouth to the whole world about the type of low life she was, says a lot about their r/ship!
to each their own misery!

I whole heartily agree with you on this one. An old wise man once told me When you see someone that wants to jump out of window in a 20 story building Just give him room to do the jump why turn a suicide into a homicide.

Michelle70:
u are just a broke ass, period.

If she had said "i was lonely", u would be wagging ur tail now.

She probably didnt eat cos of the headache.

Woman you calling we men dogs. I resent that.

akbonus:
i am from the south, Delta state to be precise, there is definitely nothing the Ibos will envy the Yoruba man for, if for one thing the Yorubas are very lazy, who will envy a lazy man? if Ibos leave Lagos as some foolish Yoruba are saying the hungry when e go beat some Yoruba, e go nearly wipe out a generation of people. stupid set of people who bath sometimes ones in a week, their women smells like rotten fish

Here is the deal break Nigerian into three regions North West and East. Since you are from Delta the Yorubas will be fine to cede Delta to the Ibos. Are you alright with that arrangement? I don't think so? How much I wish the whole South can come together. People we all agree on 70% on how things should be done. The remaining 30% can be worked out. A friend is someone I agree with 70% of the time. Regarding the North I ain't got nothing in common with them.

spearman:
ALL SOUTHERNERS ARE SECOND CLASS CITIZENS IN NIGERIA EXCEPT FOR IGBOS WHO HAVE ZERO CITIZENSHIP BECAUSE NO ONE WANTS THEM.
WE ARE BREAKING UP NIGERIA SOON AND THEN NOMADIC IGBOS WILL KNOW THEIR TRUE MASTERS

Maybe its because the Igbos don't want to be told what to do. Ever thought about that? I have a feeling the Yorubas are about ready to make a colossal mistake. I have already placed a bet that your Messiah Tinubu ain't gonna make it through 2 years of his term if he ever wins. Then the Fulanis are going to take your knuckleheads for a one-way ride for the next 10 years.

ersonleads:
Please can someone help me on how I can go about traveling with my soon to be wedded wife Abroad. One of us will be schooling & working. The other will be working. Presently working on the funds.

How can it be possible & what country will be easier to on my intentions. Please I need your help because dis country done tire me

Dude ain't got the slightest idea regarding where to go, and he's already hitching a cargo to his suitcase.

clockwisereport:
https://www.thecable.ng/number-of-supreme-court-justices-drops-to-13-as-abdu-aboki-retires/amp

21 Supreme Court Justices !!!!! Nah that can't be right. Even 13 is too damm much. Here in the USA, we have 9 justices and honestly, I think that is still to much. No wonder Nigeria spends 80% of her budget just on Governance.

Jack500:
Lagos will forever be better than all your useless 5 states combined. Go and hang yourself, if it pain you.

Are you sure about that or that was just a wishful statement?

Patriotsleague:
Sowore the idiot, flood happens in USA, Europe, Asia, and every where else round the world.

Partner your former President Obasanjo said "Lagos State is the most expensive slum in the world". When a plot of Land is 1000 times the average state civil servant's salary you know that state is comatose.

Pells:
Keep spraying state funds
We live in a lawless country by the way
A third world country
Up Naija

I have been to some third-world countries like the Bahamas, and Saint Lucia trust me Nigeria is a fourth-world country when compared to those countries.

dre11:
https://www.thecable.ng/dele-alake-tinubu-not-a-pauper-before-politics-he-made-money-from-buying-stocks/amp

I will personally pay the $250 fee to Stock Watch if Tinubu agrees to sign for (402c) which will allow us to get a history list of all the stock he Tinubu has ever traded on. How about it?

MALIGNANTGuest:
Intelligence is also measured on the ability to speak several languages fluently.
So, I can now attest she's intelligent.
Intelligent people usually display academic madness hence her reason for recent outbursts

Remember one person social justice warrior is another person terrorist the woman is a Biafra fighter/defender and whatever happened during that war was personal to her. You can disagree with her since that is your right to do but to call her as being madness without any proof of justification is insane. She is a tenured Professor which means the University can't fire her just because she is exercising her right to free speech. Here in USA free speech is paramount.

Rozross:
As a future First Lady myself, I support you and wish you success our incoming first lady

Not to rain on your parade but what heck is stopping her from doing this right now, Ain't she in the Senate? give me a fu^king break.

gidgiddy:
He did not remove federalism in any way, it was Gowon that did that when he abolished the 4 Regions that existed at the time, and created 12 states

Those who came after Gowon kept subdivided those 12 states until we got 36 states we have today

If memory serves me right from Ikeja to Asaba were all in the old western Region. All with one Permanent secretary. Imagine how much money that Country could be saving on governance if they can go back to Federalism. 80% of that country's budget is spent on governance that people is craziness.

Kriss216:
Slave mentality.

This is what Dr. Uju Anya is talking about.

Exactly

akinremiayomide:
Eko oni baje
Ile Yoruba lapapo oni baje
Insha allah
Insha jesus

Insha Ogun I am a firm believer in the separation of church and state

Princessogaraya:
Busy prick

Causing problem.... Nonsense man

If you quote me to talk rubbish I go insult you because if na woman you guys go insult her

In my book, women are free to do whatever they want. If you want to marry 20, woman it's your choice I ain't got nothing against it

obedience4:
Dude the USA backed the resolution that brought China into the UN.. The USA under Nixon could have veto the resolution.
China wasn't built by the USA. But the USA played a critical role In China emergence.. The opening of the USA economy to China was What help China.. And China knows fully well unlike Russia its economy is too tied to the west and needs it to stay aloft

China with all the economic activities going on within her border still has a GDP of $29000 per individual. whereas in the USA it is around $76000. China is nothing but the world factory. No innovation has ever come out of the country for the betterment of humankind. Let us start with the internet from USA. Most US companies, along with Japanese companies have already started moving into Vietnam because China is a country you can not rely on.

southsouthking:
A country where things work.

Africa produces what she does not consume, and consumes what she does not produce.

How come the cocoa which is harvested in Ivory coast is been processed into tea and chocolate in Switzerland and then imported back to Africa?

Our leaders must opt their game.
It's time to do away with dealers and elect leaders in our various political parties.

Africa as a whole needs emancipation from slavery.
If Berhane Selassie was Alive "BOB MARLEY" he would have asked "What happened to Africa"?
Why are we still underdeveloped?
This same America we are seeing today as god was built by men who had better plans and a secure future for the citizen.
Bob Marley would have said, Africa can be like the rest of the continent if we perish greed, hatred, and have religious tolerance for one another.
Don't forget, Bob Marley was a buffalo soldier even in the heart of America.

I'm so fucking stoned man, dunno what I'm even typing.

Partner, I understand where you coming from. Mere thought of Africa is enough to do that to oneself.

favourobaro90:
Imagine, she moved in with one Ghana-must-go-bag & she's leaving with a truck load of bags & goods.
I can strongly tell you that, she had a sinister plan even before she got married to this innocent rich man

Lol

Racoon:
https://guardian.ng/news/2023-change-shettima-lalong-before-sept-20-northern-stakeholders-tell-apc/?utm_term=Autofeed&echobox=twitter_post&utm_medium=Social&utm_source=Twitter#Echobox=1662393666

Maybe the VP ain't the problem. The issue is TINUBU for all I care he can put Jesus as his running mate he's still the wrong choice. Putting lipstick on a pig does not change the fact it is still a pig.