posted on Mar, 5 2009 @ 05:54 PM
From Guardian U.K.
The U.S. government rescued giant insurer American International Group in part because its collapse would dramatically hurt European institutions,
a senior Democratic lawmaker said on Thursday.
Read the entire article.
Looks like propping up AIG has more than the domestic audience in mind. Take from it what you will. Personally, I don't intend on purchasing any
long-term investment as long as the upper levels of AIG and some other institutions remain un-indicted. The previous and current administrations in
their ineptness, and refusal to hold criminals to account, are driving generations of people away from the markets.
Congrats Obama! You've succeeded in making this mess worse and now own part of it yourself. You could've stormed into office and took a baseball bat
to the knees of these thieves, and been cheered for it no matter the consequences. Instead, you hired one of the crooks for Sec Tres that I firmly
believe would have been Sec Tres in a McCain admin as well. You pussyfooted around with some feelgood mortgage crap that panders to your base and
doesn't fix the problem in housing, while expecting the markets to fall for your smooth tongue as easily as the sheeple. How'd that work out?Now
we're going to get the collapse anyway.
TOO BIG TO FAIL =TOO BIG TO REGULATE=TOO BIG TO SAVE