Totally disagree....
In fact, dont be surprised there are more financial bailouts (yes AIG is a BAILOUT)
The sad part, and little discussed, is that this is American taxpayers bailing out a mostly non-American company...so many of its assets are in foreign countries...esp COMMUNIST China
In fact, AIG, ironically, was started in China (pre-Commie China).
Not only it was bad to use US taxpayers $$ to bail out AIG...it was absolutely Nutty Globalist to have US Taxpayers bail out foreign interests.
“Totally disagree....
In fact, dont be surprised there are more financial bailouts (yes AIG is a BAILOUT)”
Then by all means, make sure you don’t bail out Chevron or your local gasoline dealer next time you buy gas.
It’s not nutty, its , well I want to use the word treason, but apparently American citizens are cool with being taxed into destitution in order to fund globalization.
The globalists always said we citizens were too wealthy, and they are fixing that in a big big way.
I wonder why it is so easy for them to get elected to office in this country, and loyal Americans get treated like dirt?
It seems today with the Fed bailing out AIG the choice was made clear. It seems so long ago, but Paulson and Bernanke both said on Sunday, Sept. 14, 2008 (4 days ago) they would not rescue Lehmans...then...changed their minds less than 48 hours later, they caved and came riding in on your horse to rescue. That is what is so revealing...steele resolve.
Today you have witnessed history which will be in the books to teach our grandchilren and great grandchilren. I hope they learn the lesson well.
Congress has the legitimate (constitutional power) power to act, and if not acted very, very quickly to either put all OTCs (derivitives..sometimes called credit swaps) on an exchange or cancel them IMMEDIATELY if they refuse full 100 disclosure, this monitary system and probalby the political system will collapse. The chain reaction has already begun. I don't know if it can be stopped now, even with congressional action. The feckless Congress, which is now in session, is apt to wring its hands because they do not know what to the hell is happening. The derivtives which were the false sense of security for the hedge funds have turned over their hand and it is empty. They cannot cover their contractural obligations. I heard a report tonight that JPMorgan/Chase is being sold to the Chicoms. The G***mn Chinese Communists now controlling some our largest financial institutions! Think about that for a moment.
I think we have crossed the Rubrican and Caesar is the Chicoms. Just damn!
I am sitting here in Hurricane country in east Texas, not as bad as the coast, but bad. We have been without electricity until tonight and that seems insignificant in comparison with what is being done to my children in Washington and New York. This has ceased to be a dress rehearsal and is actual. Good luck.