One month before the election, McCain must be crapping his pants now. Seriously now, is not this bailout a beginning to nationalism. How many other bailouts untill every american has stock ownership in every sector of the economy? Why am I being forced to pay for something I do want to buy? What happened to the freedom to use money as I see fit?
I have known people who take out credit card loans never expecting to pay them back. Now the fed wants to bail the people who made these loans out to these people. Think again.
I think it is time for trickle up economics. Instead of giving money to the very rich (like AIG, etc) to trickle down the money to the poor, we give the money to the poor and let it trickle up to the rich. The only problem I see is that some rich have such a suction that they will turn a trickle into a roaring rapid river.
I think it might mean the days of easy money are over. Everybody is in the loan business. Banks, credit companies, etc which was easy money. Now, no one can take out loans because many are just not paying back the loans, hence the loaners are being very careful with loans, but this also means they are not making the easy money anymore. Thereby, the term clog in the system. Will throwing money at the problem solve it. I do not think so. And I think it is criminal to take my money to solve the incompetents of others. Much of this is the result I believe of shifting economy to China, loss of jobs, raising taxes, raising gas prices, raising food prices and anything else that we shell out by necessity.
Again is worries me that an incompentent republican administration, the one that brought us the Iraq war, Katrina, who knows what they are doing in Galveston now, now wants to bailout AIG at the expense of the average American. Maybe we should just wait till next year when the election is over and let the new president decide the proper course. Any thoughts?
Well when they made it big in 2007 they knew it was time to take and run. In this day of instance information one does not have to know what the problem is when the stock price is dropping. That alone sends the institutional investers scrambling to get out. Now they want to work out a quick deal with the US. Why not take some time and think it through appropiately. As. a stock holder I personally don't think investment banking is a good deal and I am forced to be a stock holder of AIG. Maybe the government should ask the people of America if they want to be a stock holder in an investment bank. Those who want can buy stock in AIG, those who don't may want to buy stock in oil industry.
I just had a chance to look at AIG Financials and two things struck me a odd. One the company is still paying a dividened and has been raising over the years. Second, in 2007 they made a 6 billion profit before this year losing 5.8 billion. I have to wonder what happened to all that money. I think the people at AIG decided its time to take the money run. Now the US owns 80% of the company as the apparant crooks have emptied the company. I think tax payer need to really question the wisdom of the Republican administration in these matters.
agman Forum Posts (3,145)
Lucent Technologies! There is an exception to every rule.
RE: Maybe the Bible was right.
I knew I should have studied Caveman 101 in college.