 An AIG (Aint I Greedy) update; One set of suggestions is to threaten those that don’t give back their bonuses that they will lose their jobs. The problem is that about 1/3 of them have already left their jobs. So you are left with the Titanic question. The Titanic itself may have been full of a bunch of scoundrels and lowlifes, yet saving the Titanic would have meant saving them too. Sometimes you have to save the entire ship even if it means saving those who don’t deserve to be saved, in this case AIG, the big banks and what we should have done with Bear Sterns. |
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Both presidents and the Congress have bungled the AIG bailout. Too much money with too little fore-thought and non-existent oversight.
ReplyDeleteThe rush to bailout everyone has led to bad decisions that will take us decades to recover from.