[CougarGA7]

One thing I’ve learned from experience and reading LS’s work is that the market will correct itself to the most advantageous state if given the opportunity. When you allow government to intervene to “correct” the situation they either just prolong the problem or compound it.

That said, I say let AIG face the music. Take the his now so that these companies learn that it’s not the government’s responsibility to hold their hand if they screw up.

[counterpunch]

That said, I say let AIG face the music. Take the his now so that these companies learn that it’s not the government’s responsibility to hold their hand if they screw up.

We keep hearing about how AIG is "too big to fail," meaning the government cannot allow them to fail out of national interest.
Well, I think Teddy Roosevelt would say then that if they're too big to fail, then they're too big to exist in their current form. Perhaps what we need is some good ol' fashioned trust-busting on these companies that have grown so large that their failure can threaten the national economic health.
 

[LS]

Yeah, however you structure it it will be tough. There will be an intervention here, period. The question is, can it be tailored so that at some point in the future a conservative president/congress can pass meaningful laws that restores the market, or will be end up putting a full-blown socialist in power, whereupon we may never see a free market for some things in our lifetime?

[rwfromkansas]

I would be in favor of dropping a bailout for AIG and just allow one for Fannie Mae etc.

[SaltyJoe]

All being said, it’s wonderful that the more conservative leaders of gov’t are making the nation and world take note of exactly why these bailouts hurt the taxpayers/ordinary citizens and why this should never have been a method to govern business.

Little by little, the voters are educated as to why socialist communism doesn’t work. Charity works. But, not forced “charity”.

By forcing the law of bailouts for foolish business, our socialist communist minded elected officials (and the voters and investors who got them there) reveal their sins of:

vanity (thinking that the state can play charity like God),

theft (stealing money from those who work to give it to those who REFUSE to discipline themselves with work),

sloth/laziness (enables the slackers to stay lazy and on the gov’t payroll),

greed (keeps themselves rich in the swindle for more false profit),

lying (by refusing to disclose the details of this situation and by creative accounting—cooking the books)

and the enslavement of the human will against the gifts Nature gives the individual to pursue happiness. Because socialist communists enact laws to undermine our basic right of individual freedom to pursue our own goals, we the taxpayer are left with the bill to bail out our entire financial system.

The Revelation of gov’t sponsored swindling of taxpayers means that more fiscally conservative leaders will be elected. This lesson won’t be spun and deflected from the voters’ collective attentions. We don’t care for celibraty news and special interest stories like we use to be distracted (even by news of wars and rumors of war). Pres. Bush and Sen McCain with the help of think tank conservatives are laying this financial fiasco squarely on the heads of those who created this mess—the godless self-worshippers (who especially see the erradication of mankind as their solution: abortion & euthanasia). Satan and those who’ve let sin their selfish hearts are to blame.