AIG is a Sucking, Bottomless Pit
Both Democratic and Repulican senators are (finally!!) getting angry over the massive bailout money forked over to AIG. AIG was supposed to be an insurance company for investors. But what did they do with their assets? The leveraged them outrageously in a frenzy of horrendous greed and mismanagement.
And now? Vice Chairman of the Federal Reserve Board, Donald Kohn, wants to give them more money — get this — “to protect investors.” Uh, the time to protect investors was a long time ago when AIG was ripping everyone off and taking huge heaps of profits from what should have been a very conservatively run business. Where was the regulation? Where was the oversight?
It’s starting to look more and more like dirty deals and the ultra-wealthy protecting the ultra-wealthy.
I’ve got a proposition for you. How about the federal government gives the money DIRECTLY to the investors and cuts out the middlemen at AIG pulling down the fat salaries!?!?!?
Whew. Okay. Calm… I swear, sometimes you just don’t even want to know this stuff.
The Invisible Hand Just Slapped Us All. Are We Awake Yet?
Oh yeah. It’s cool. My government owns a great big company, an unimaginably huge company called AIG. All over the world the socialist governments that we have scorned (France, Venezuela, heck – Cuba!) are laughing. Hard. Because this is the kind of socialism the US offers: socialism for investors. We don’t bother using our grand wealth to pay for things like six weeks of vacation. That would be such a waste!! We’d rather work ourselves to the bone and give the money away to people who made bad investments: on houses, on hedge funds, on way-swapped out bad credit not worth the paper. We’d rather sweat and toil in factories for rotten “minimum-wage” jobs and then die slow deaths from diseases that are not covered by insurance. We know how to live the life! The great Puritan ethic of hard-work will never die!
Unless, of course, you are an investment banker still collecting your massive bonus from last year. The one you get even though your company went down in flames. Because everyone knows, ever American at least, people with money deserve more money, much more than people who’ve never had any. Yay!
Is it unpatriotic of me to question these actions? We could’ve paid for so many productive helpful programs and improved the quality of life for so many with $700 billion. Has anyone asked how much we would’ve SAVED if we’d just had a government program to subsidize home ownership for low-to-medium income families in the first place?!?!
This country has been divided for too long between intransigent, ideology-driven parties that 
don’t ever even look at our country’s fundamental flaws. Isn’t anyone ready to have a real conversation about better models? Or are we still going to perpetuate the lie that pure capitalism trumps all.
There’s no name for a party I’d love, but it would enjoy all the freedoms of Libertarians and all the peace-inducing, care-taking of Socialists.
-
-
About
Welcome to duh pookie where we work hard to bring you sparkly new thoughts.
-
- RSS Feed
-
Visit Political Voices of Women Community
