> RoMunn wrote: > That's the kind of rescue I can live with. Basically it is akin to > what private equity firm would do, but on a bigger scale.
Except for no PEG would buy AIG because it's a big piece of shit. At least with a classic bailout I can choose whether I want to own the stock or not, and I have a chance of getting my money back. In this case the gov't is giving us no choice in the matter. Can we all please admit that the federal gov't has totally and utterly failed us over the last 8 years? I mean the balance sheet 2000-2008 doesn't get redder. This is no fluke. It's not caused mysteriously by some outside force. We don't need a commission to tell us what happened. Lax fiscal policy and loose monetary policy - all controlled by the gov't - fucked us. Period. If we want to bankrupt ourselves, why only do it half assed with an admitted economic ignoramus like McCain? Let's just get those ENRON dudes out of jail and get this bankruptcy over with. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:269609 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
