government bails out aig

I know it got mentioned as possibly happening in the financial thread, but thought it deserved it's own.

I'm torn on this ... but leaning more toward the fact that we need to draw a line somewhere. the government can't simply bail out all of these companies over and over.

 

A bit like sticking a finger in the Industrial Canal levee, I'm afraid.

 

If AIG gets $85 billion, can I get 500k?

 

Welfare for lazy unemployed negros: BAD

Welfare for billion-dollar corporations: GOOD [/reagan_cheney_bush_mccain]

 

Brings new meaning to welfare queens driving Cadillacs. And still the Wall Street defenders are arguing against increased regulation and oversight.

 

If the USA owns 80 percent of AIG, does that mean we can slap an American flag on the front of Manchester United's jersey?

 

You'd like to think so...

 

And call them a soccer club.

 

I'm calling for a T- time at the AIG golf course where they only let 10 foursomes out a day.

 

Given I have my 403b (the public-employee version of a 401k) with AIG, I've been a bit worried.

But every time the government bails out a failing private-sector business, the country loses. Capitalism is based on risk. The market has changed, and companies like Lehman Brothers, Bear Stearns, Fannie Mae & AIG haven't changed with it (well, that, and the government trying to push "affordable housing" led to subprime loans which led to the current mess).

 

Another brilliant move by the party for smaller government.

 

Your Republican Party at work, folks.

Stop. The. Bailouts.