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Enough is enough. These people are simply unconscionable. Take over the company, fire the the executives and the board. Rebuild it, then sell it when it's viable and laws are in place to prevent the shenanigans.
Enough is enough. These people are simply unconscionable. Take over the company, fire the the executives and the board. Rebuild it, then sell it when it's viable and laws are in place to prevent the shenanigans.
Considering we have an 80% stake, it would appear it already IS nationalized. Living up to contractual agreements in faux capitalism... those employees entitling themselves to collect 165 million in bonus should have waived it if they were committed to keeping AIG privatized & righting wrongs meaningfully. That would be Paleo conservative way about it, not the avaricious neo con way. Loyalty to the company? Their country? No such thing.
Comes down to greed is good, and ill business paradigms all too willing to shoot themselves in the foot for short term gains. Faux capitalism sucks. Leeching the global economy to the point of anemia... here comes Karma.
Considering we have an 80% stake, it would appear it already IS nationalized. Living up to contractual agreements in faux capitalism... those employees entitling themselves to collect 165 million in bonus should have waived it if they were committed to keeping AIG privatized & righting wrongs meaningfully. That would be Paleo conservative way about it, not the avaricious neo con way. Loyalty to the company? Their country? No such thing.
Comes down to greed is good, and ill business paradigms all too willing to shoot themselves in the foot for short term gains. Faux capitalism sucks. Leeching the global economy to the point of anemia... here comes Karma.
Quite right. It essentially is nationalized. The bonuses are but a tiny percentage of the total bailout money. Unfortunately, it's either let it collapse or feed the pig. Stopping bonuses essentially plays to cheap populism.
"Unconscionable" is about as accurate a description of these fools as you can get. Something has to be done and now. I'm no fan of Pelosi or Feingold, but they're right on this topic. Does AIG not realize they are under the microscope unlike all the previous years of wastefulness? Make an example out of em.
"Unconscionable" is about as accurate a description of these fools as you can get. Something has to be done and now. I'm no fan of Pelosi or Feingold, but they're right on this topic. Does AIG not realize they are under the microscope unlike all the previous years of wastefulness? Make an example out of em.
And the government has what rights in private contracts? We took over 80% of there obligations, the ones we like and the ones we don't. The government has no right to step in a renegotiate after the fact a private contract. Unless it went into bankruptcy... too late for that.
This nationalization and bailout fad is going to suffer a quick end once the Chinese stop buying our debt. That is going to happen, and you can bank on it (pun intended).
And the government has what rights in private contracts? We took over 80% of there obligations, the ones we like and the ones we don't. The government has no right to step in a renegotiate after the fact a private contract.
Considering we have an 80% stake, it would appear it already IS nationalized. Living up to contractual agreements in faux capitalism... those employees entitling themselves to collect 165 million in bonus should have waived it if they were committed to keeping AIG privatized & righting wrongs meaningfully. That would be Paleo conservative way about it, not the avaricious neo con way. Loyalty to the company? Their country? No such thing.
Comes down to greed is good, and ill business paradigms all too willing to shoot themselves in the foot for short term gains. Faux capitalism sucks. Leeching the global economy to the point of anemia... here comes Karma.
I disagree, living up to contractual obligations is essential to capitalism. Bailouts are faux capitalism and is what the traditional conservative (or paleo, to use your term) objects to.
As long as there is the prospect of a bailout, companies and individuals will take excessive risk, or, worse yet, proceed without fully comprehending the risk. So I do agree that faux capitalism sucks, even if we may disagree on exactly what that is.
what would the federal governmant do with it. They certainly don't have the people to run it ;look at what has happen to any enterprise they have run form postal service to fannie mae and mac.The problemis not shopuld they be let to go bankrupt but what happens if they do after allowing them to get this big. Same with fannie mae and mac.Basically from waht i have seen /read if they allowed this it would make the big 3 going bankrupt look like small change in the efrect to the economy.Actaully I'm more concerned with the stimulus which a large portion will go to groups and are not loans but give aways, With the money borrowed we have to pay with interest and likely to cause high inflation later.
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