Reagan80
Serious butt-kicking needs to be done and then some serious legislation needs to be passes and money allocated for its enforcement.
The Dems because of ideology and the Republicans because of a lack of guts have let the attitude that all this is to complicated for the people to understand so we should just let the experts handle it dominate. They thought that with huge piles of loot hanging around with inadequate controls they still wouldn't have any problems with peculation. Whatta bunch of maroons!
The guy in the video says that the Fed was $40B short of meeting the $85B “loan” for AIG, and so they printed about $40B in “special treasury” notes. Is there any truth to this? Sheesh...freakin Monopoly Money!
Make it sound like the Crash of '29 and people start thinking we need another FDR?
This is what Ron Paul has warned us about for years.
Wow good find.
Ping for later.
Why couldn’t AIG fail? If I had AIG car insurance, so what? I switch to Geico. Berkshire Hathaway (which owns Geico) and Allstate and others then benefit tremendously. Many of AIG employees who are laid off will be sought out by the other companies to take on the additional workload. Some will not get jobs. But the cost of their unemployment insurance is dwarfed by the $85 billion morass created to save AIG.
Whatever you think of Paul on foreign policy, NO ELECTED OFFICIAL holds a candle to him on the economy. John McCain NEEDS to ask Paul for economic guidance, NOW...
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