This seals the deal for me. The government officially owns AIG. I mean, it really sucks that they did that, but what sucks even more is that the government gave them the money, wagged their finger, and said "behave."
Who really thought that that was going to work?
Oh wait...
Yeah, change sounds pretty good now, doesn't it?
Does anyone else agree with me when I say that failing businesses don't know how to use money, and therefore do stupid stuff like this?
I feel like that's a pretty solid hypothesis. We can't keep bailing these guys out, they don't know how to use it. At the same time; yes there are companies that are being dragged down by these poorly behaving larger companies. Who's to blame for this? The federal reserve for one; but most importantly, our own federal government. Over time, printing money went from a last-ditch move, to a science. It's the answer to everything. "Fed is in debt. Print more money!" "Wall Street is falling. Print more money!" "The American Dollar is lower than the Canadian Dollar. Print more money!"
Just do us all a favor, and stop. We might not even make it to the next election at this rate
LibertyCatalyst
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