Comments on: Profiting from the bailout

By: The Real Deal

The Real Deal — Thu, 24 Sep 2009 17:04:25 +0000

AIG should be disbanded viable or not. Because:
- its reputation is gone
- it practiced the most corrupt financial business in the Wall Street scandal and must be held fully accountable
- all bailout money must be returned by a fixed date
- disbandment demonstrates the government is serious about reform

Enron, Arthur Andersen, Worldcom, others all gone. AIG must join them in infamy.

By: Ginger

Ginger — Thu, 24 Sep 2009 16:30:53 +0000

So what are you saying? Its ok for companies who have used the bailouts and recession to their benefit & have snapped up bargains on the cheap, but its not ok for the government or tax payers?! They are reaping the rewards for effectively raping the tax payers and investors and holders of pensions & as a result everyones going to have to pay a hell of a lot more tax as a result.

the only winners here are the greedy bankers – they got bonuses even though they caused this recession by taking risks. Then when the preverbial hit the fan they went cap in hand to the governments of the world. They got bailed out, then stuck up 2 fingers to everybody by making record bonuses for themselves. Wall street is far from dead – as is the bonus culture.

By: Rose Eli

Rose Eli — Thu, 24 Sep 2009 10:34:48 +0000

AIG and Citi are now definitely rubbish – companies constantly telling lies to cover how much they actually lose and arrogantly ignoring the generosity of the us taxpayer. Government should unplug the life support for these two parasites so that our us economy can move on to the new and correct directions without too much influence of the parasites of the economic system – those failed banks and financers.

By: Don Robertson

Don Robertson — Thu, 24 Sep 2009 02:41:04 +0000

I didn’t support the bailouts because I saw them as a waste of strained and (at this moment) irreplaceable resources, -being spent in all the wrong places -in all the wrong ways.

I still believe that is the case.

The “recession” isn’t over. Our whole society has crumbled and fallen to the ground nearly lifeless. I don’t see “green shoots” -I see smoldering embers among the mountain of ashes.

A depression is not just an economic phenomenon. A depression is a cultural, and philosophic phenomenon much more than a economic phenomenon.

It is a time of reassessment about the nature of reality. Expending at this time -one penny of bailout money on Wall Street -or any bank- was a mistake.

Wall Street is at the center of what is easily recognizable as a century-long blind alley leading to a massive cultural and philosophic mistake. Wall Street is about an unsustainable, belligerent and rapacious empire.

Wall Street is dead. The credit economy is dead. Science is dead.

And good riddance to these Enlightenment ideas too. They have each befouled the world.

The only catch-word that makes any sense today is “sustainable”. The bailouts are right now proving unsustainable is a huge way.

That’s all going to spell d-i-s-a-s-t-e-r.