Bear Sterns....then Freddie and Fannie....and now AIG. Not sure who Lehaman pissed off...big brother didn't feel that they needed them!
This whole corporate welfare program is very scary. I am not sure what to think on this issue. Is it good that we are bailing these idiots out? Are we taking the risk out of business for big business? As Obama said....this is above my pay grade. I do know that the 85 billion loan is putting us further in debt. My gut tells me to let the capitalistic nature of our economy do its thing.....let the strong survive. These companies made errors in judgements....and they should be made to pay the piper....
We do not want the government running private functions.....they now own a majority stake in an investment banker and an insurance company?????this is nuts. Freddie and Fannie were quasi gvt agencies....but that still is an issue.
It's pretty bad out there....let's just hope they keep buying network cables from yours truly.
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