Comments on: Paulson’s folly: Throwing good money after bad at AIG

By: American International Government

American International Government — Sat, 15 Nov 2008 05:41:33 +0000

If a time bomb exploded in a man’s hand, a doctor’s best advice is to amputate the failing limbs. Trying to save failing limbs only hurts other viable parts of the body and delays recovery.

By: CJ Snyder

CJ Snyder — Fri, 14 Nov 2008 04:39:42 +0000

Once the fat cats finish looting us for all we have (ably assisted by our representatives), they will sit back and watch the Second Great Depression. The money they’ve stashed will come in useful when the country slowly, painfully rebuilds itself with a new renewable energy based/manufacturing economy. Why is it these jerks never lose their homes?

By: M Foor

M Foor — Thu, 13 Nov 2008 06:03:27 +0000

Can someone just remove Paulson from his treasury position? So far, all he has done is to fatten the pay checks of his wall street fatcat pals, while draining the treasury.
Honestly can you really trust a cat to look after a pond of fishes?

By: The Brooklyn Revue » Blog Archive » Paulson’s folly: Throwing good money after bad at AIG

Thu, 13 Nov 2008 05:18:51 +0000

[...] REUTERS [...]

By: M Foor

M Foor — Thu, 13 Nov 2008 04:08:07 +0000

Follow the money! Anybody remember the savings and loan bailouts about 3 decades ago? Incompetent people stayed in positions to continue their own self interest. Same thing here, but the “Doctors” behind the financial issues have to make money on their own advise, and, believe me, they will pin the blame on the taxpayers, as greedy, who should have known better, etc., etc. Paulson is a rat along will everyone else that says the taxpayers will bail them out! We don’t get to vote on it do we? Nothing but slaves in the 21st century… don’t you taxpayers love it? It’s time we taxpayers take up arms of a sort and force these degenerates out of our bank accounts!

By: edward m walsh

edward m walsh — Tue, 11 Nov 2008 14:47:45 +0000

It is obvious that throwing money at every problem is like the investor panaking and selling at a huge loss. In a majority of cases time itself solves most problems. Had there been in place a government regulator to halt trading underspecified circumstances(such as companies whose price deterioration can affect the proper functioning of the financial market place)then substantial loss might have been averted to some extent. That type of action prevents a contagion effect and could have saved substantial loss to pensioners, municipalities and others relying upon an orderly income streams. That is not to say that companies with broken models shouldn’t fail.

By: d a hick

d a hick — Tue, 11 Nov 2008 13:10:04 +0000

folks, this is only going to get worse under the new administration. they wont stop here. now its autos (and you and i both know the best thing that could happen for them would be to declare bankruptcy)and where do they stop. the feds have loaned out under pretenses of “top secret” 2 trillion dollars somewhere to hide this. we have to somehow take our country back. the revolution is coming.

By: Julie Gross

Julie Gross — Tue, 11 Nov 2008 12:55:33 +0000

I find it interesting that on the one hand, they wanted the government to bail them out, and on the other, the large shareholders complained about heavy handed government action. If you ask for a favor, you don’t always get to dictate the terms.

As a small business owner, if I make bad decisions, I have to live with the consequences. When there are no consequences for bad management, it becomes acceptable. We should not bail them out.

By: Anna

Anna — Tue, 11 Nov 2008 12:39:56 +0000

A neighbor of mine with a kid has just been thrown in the streets because he lost his job abd could not afford his mortgage any longer while these arrogant AIG executives are out there enjoying taxpayers money. Somebody has got to put a stop to this. The whole company should be investigated and the executives should be held accountable and prosecuted.

By: Gary Leeper

Gary Leeper — Tue, 11 Nov 2008 11:32:37 +0000

We, as US taxpayers, are getting painted into a corner by these bailouts, and application of tired Keynesian stimulus principles. Down the road not very far there will be only three options-Raise taxes, repudiate debt or quit spending, and the more “solutions” of the type we are seeing, the bigger the size of the problem.
This is obviously the mother of all Black Swans and Minsky Moments and our government is beginning to make collapse look like the best alternative.Continuing down the current path is just a process of moving the net worth of those who saved into the hands of those who made investment mistakes, and those who facilitated the mistakes.