“The only people who can navigate the US out of this financial time bomb is the experts in AIG.”
That’s absolutely horse manure. They are crooks. What makes you think their experts at anything. The money is long gone.
So your idea is to pay the bomb maker to defuse the bomb?
Google 2005 Congressional Hearing Derivatives. AIG were greedy pigs and the US government were misguided/stupid, thus we are in a big mess. Unfortunately the SEC admits they do not understand the derivative market. The last thing I want is the government manage this finely tuned market, mishandle it and cause a major collapse that will bring down this country and even the world. Talk to people who are familiar with derivatives, and they will tell you Wall Street/AIG really created a big mess because they thought they could manage the complex matrix of debt, but they did not forsee the collapse of real estate could trigger a collapse. Right now we are living with a 55 trillion dollar financial time bomb that has to be dismantled and there are a very few people who have the expertise to do this. I don’t agree with your position of letting it all fall, but I do share your sentiment, the situation sucks and AIG are crooks. A good NCO once taught me about decision making, in an ambush, before you deal with the idiots in the platoon, first you must get the platoon out of the ambush.