AIG is too big to fail.
It’ll be interesting to see exactly what it is they bought.
Yep. Lehman affects a lot of people and funds, but nowhere near as many as AIG does.
This mess shows we are one more step to more large company’s being NATIONALIZED by the Fed’s.
Just a few months ago some dems were calling for our oil company’s to be NATIONALIZED.
Many democrats need to be sent to jail for a long time, nad some repubs too no doubt.
“AIG is too big to fail.”
So little pipsqueeks like you and I have to bail them out...because they’re too BIG?
If the BIG guys can’t make it, tough! I had to, on my own.
This mess is costing me hundreds per month. Enough of it. There is NO excuse for this.
So the answer is to turn AIG into a government-controlled company like Fannie and Freddie? No, thanks.
If we’re to maintain some semblance of a free market in this country, a company, big or small, that mismanages itself into insolvency must be allowed to fail. If we allow our government to socialize investment loss or take over entire businesses or industries, our nation will devolve into a water-treading socialized democracy characterized by economic stagnation, declining birth rates and, ultimately, the loss of all freedom — like most of Western Europe.
They 80+% failed, equity-wise.
So what is the solution going forward? No one company is allowed to be worth a certain dollar amount or control maximum percentage of the market in their industry?
They got big by firing all their ethical underwriters and booking every app that came in the door. They wrote junk, on junk, and now WE'RE going to bail them out. New Rule, We the people will only bail out a private enterprise if the entire Board of Directors does a MANDATORY 5 to 10 Maximum Security time.