“I guess giving all those home loans to illegals, and repackaging them for other ‘investors’ to buy, wasn’t such a good idea afterall.”
It was a great idea! AIG, Lehman, none of their CEO’s are going to be hurt. All our politicians who have $$$ invested will now be saved. The only ones hurt are you and I and we are expendable. Have you noticed?
“All our politicians who have $$$ invested will now be saved.”
If by saved you mean their $70 share price (12 mos high) is now worth 20% of $3.75 (current price)...that’s $70 to $0.75 in short order...then they are saved. Saved from what I don’t know. They were lost and they still are. A $100K investment is now worth $1071.
Lehman's CEO lost all $500 million or so that he had in Lehman stock, as well as his job and most of his reputation. He's not quite unscathed.
I don't know about AIG's current CEO, but Hank Greenberg, the guy who ran it for 35 years, has lost more than $3 billion. He's been hurt pretty badly by this.