Thread: Gov Bailouts
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Old 09-17-2008 | 02:57 PM
  #20  
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DAL4EVER
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From: 88B - Loud Pipes Save Lives
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Let's see, $5 trillion for the Fannie Mae and Freddie Mac buyout, $85 billion to AIG. This whole "their too big to fail" is a croc. If they are to big to fail why isn't the government breaking them up like Ma Bell. Mark my words, by failing to let the market take its course we have not had these corporations take responsibility for their actions. As a result, they can get into further trouble, perhaps even more expensive trouble than they are now and then what happens. I am amazed by the hypocrisy on the hill. The politicians were up in arms when DAL/NWA announced their merger. It was going to raise prices they clamored. We have to endure a DOJ review, etc. Bank of America buys Merrill and now controls a large portion of the financial system and their isn't so much a whisper of protest on the hill. Talk about to big to fail. Pathetic. Welcome to the capitalist society when we make profits and the socialist society when we take losses. What I'm curious about is if the government is run by the people, if AIG makes money, how does that go back to the taxpayer?