On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:


Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. I think it's on government life support until they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.


The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

"Over regulation?" I'd say it was more from deregulation. ;-)

thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:


Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. I think it's on government life support until they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.

We, the US tax payers could have saved 150 billion dollars if we had let
AIG go into bankruptcy last fall. But, Geithner and Paulson stepped and
and put forth the view that AIG was too big to save. Barney Frank and
Chris Dodd had to earn the political contributions they received from AIG.

The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

"Over regulation?" I'd say it was more from deregulation. ;-)

Deregulation works. I can pay the same for a plane ticket from
Washington DC to Miami as I did 30 years ago.

On Mar 21, 3:24*pm, BAR wrote:
thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:

Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. *I think it's on government life support until they
can safely pull the plug. *It was "too big to fail", it failed. *Do you
really want to see that monster on the loose again? *Break it up, and
sell the parts. *Let them start over.

We, the US tax payers could have saved 150 billion dollars if we had let
AIG go into bankruptcy last fall. But, Geithner and Paulson stepped and
and put forth the view that AIG was too big to save. Barney Frank and
Chris Dodd had to earn the political contributions they received from AIG..

uh...no. the first AIG bailout happened under president bush and
treasury secretary paulson. and john mccain was the 3rd greatest
recipient of money from AIG.

get your facts straight. the fact is, deregulation helped AIG get so
big that, if it failed, it would have destroyed the financial system
of the US.


The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

and since there is NO free market in the US, your grimm's fairy tale
view of the economy is touching. your mother read you milton friedman
at bedtime?

wf3h wrote:
On Mar 21, 3:24 pm, BAR wrote:
thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:
Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?
I think AIG is done. I think it's on government life support until they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.
We, the US tax payers could have saved 150 billion dollars if we had let
AIG go into bankruptcy last fall. But, Geithner and Paulson stepped and
and put forth the view that AIG was too big to save. Barney Frank and
Chris Dodd had to earn the political contributions they received from AIG..

uh...no. the first AIG bailout happened under president bush and
treasury secretary paulson. and john mccain was the 3rd greatest
recipient of money from AIG.

You haven't been paying attention have you. I have always said McCain is
an idiot. I seriously doubt that McCain's mother voted for him for
President.

get your facts straight. the fact is, deregulation helped AIG get so
big that, if it failed, it would have destroyed the financial system
of the US.

Blame Congress, they are the ones who wrote the legislation that enabled
AIG to become as big as it did. When you let a company get into two many
different areas of financial products you get these behemoth monsters.

The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

and since there is NO free market in the US, your grimm's fairy tale
view of the economy is touching. your mother read you milton friedman
at bedtime?


You want the same bureaucrats in DC who buy $600 hammers and $1000
toilets to run the economy?

On Mar 21, 3:51*pm, BAR wrote:
wf3h wrote:
On Mar 21, 3:24 pm, BAR wrote:
thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:
Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?
I think AIG is done. *I think it's on government life support until they
can safely pull the plug. *It was "too big to fail", it failed. *Do you
really want to see that monster on the loose again? *Break it up, and
sell the parts. *Let them start over.
We, the US tax payers could have saved 150 billion dollars if we had let

uh...no. the first AIG bailout happened under president bush and
treasury secretary paulson. and john mccain was the 3rd greatest
recipient of money from AIG.

You haven't been paying attention have you. I have always said McCain is
an idiot. I seriously doubt that McCain's mother voted for him for
President.

well, then, complaining about people who actually are trying to help
the middle class instead of destroying it as republicans have done for
8 years isn't getting you anywhere is it?


get your facts straight. the fact is, deregulation helped AIG get so
big that, if it failed, it would have destroyed the financial system
of the US.

Blame Congress, they are the ones who wrote the legislation that enabled
AIG to become as big as it did. When you let a company get into two many
different areas of financial products you get these behemoth monsters.

and the reason congress did this is that reagan and milton friedman
manufactured the myth of the 'free' market, unregulated, unhampered by
unions, would strengthen the US economy.

it had exactly the opposite effect. the middle class is being
destroyed. the rich got amazingly richer.


The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

and since there is NO free market in the US, your grimm's fairy tale
view of the economy is touching. your mother read you milton friedman
at bedtime?

You want the same bureaucrats in DC who buy $600 hammers and $1000
toilets to run the economy?-

they have been running it for the last 8 years. what planet did you
just come from?

"wf3h" wrote in message
...
On Mar 21, 3:51 pm, BAR wrote:
wf3h wrote:
On Mar 21, 3:24 pm, BAR wrote:
thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:
Are you more concerned with punishing individuals who work at AIG or
are
you more concerned with AIG becoming a healthy private enterprise
again?
I think AIG is done. I think it's on government life support until
they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.
We, the US tax payers could have saved 150 billion dollars if we had
let

uh...no. the first AIG bailout happened under president bush and
treasury secretary paulson. and john mccain was the 3rd greatest
recipient of money from AIG.

You haven't been paying attention have you. I have always said McCain is
an idiot. I seriously doubt that McCain's mother voted for him for
President.

well, then, complaining about people who actually are trying to help
the middle class instead of destroying it as republicans have done for
8 years isn't getting you anywhere is it?


get your facts straight. the fact is, deregulation helped AIG get so
big that, if it failed, it would have destroyed the financial system
of the US.

Blame Congress, they are the ones who wrote the legislation that enabled
AIG to become as big as it did. When you let a company get into two many
different areas of financial products you get these behemoth monsters.

and the reason congress did this is that reagan and milton friedman
manufactured the myth of the 'free' market, unregulated, unhampered by
unions, would strengthen the US economy.

it had exactly the opposite effect. the middle class is being
destroyed. the rich got amazingly richer.


The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

and since there is NO free market in the US, your grimm's fairy tale
view of the economy is touching. your mother read you milton friedman
at bedtime?

You want the same bureaucrats in DC who buy $600 hammers and $1000
toilets to run the economy?-

they have been running it for the last 8 years. what planet did you
just come from?

They been running it longer than 8 years. Was under Clinton's watch where
the worst thing happened, and it was Clinton's Sec of treasury that promoted
it. Repeal of Glass-Steagall act. Same Mr. Rubin who put Citigroup in such
peril.

On Mar 21, 9:28*pm, "Calif Bill" wrote:
"wf3h" wrote in message


they have been running it for the last 8 years. what planet did you
just come from?

They been running it longer than 8 years. *Was under Clinton's watch where
the worst thing happened, and it was Clinton's Sec of treasury that promoted
it. *Repeal of Glass-Steagall act. *Same Mr. Rubin who put Citigroup in such
peril.-

it was a republican congress, after they impeached him, and he was
weakened, that passed the 'plunder the middle class' bill. it was phil
gramm, whose wife was a high executive for enron (which reated the
middle class like the visigoths treated rome) that introduced the
fairy tale allowing credit default swaps to exist unregulated. this
was after the GOP for 30 years passed tax reduction after tax
reduction for the ultra wealthy and passed the bill to the middle
class.

as the nobel prize winning economist paul krugman pointed it, it's as
if for every year of the last 30, every middle class family sent a
check for $10,000 to the richest 0.1% of americans.

Calif Bill wrote:
"wf3h" wrote in message
...
On Mar 21, 3:51 pm, BAR wrote:
wf3h wrote:
On Mar 21, 3:24 pm, BAR wrote:
thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:
Are you more concerned with punishing individuals who work at AIG or
are
you more concerned with AIG becoming a healthy private enterprise
again?
I think AIG is done. I think it's on government life support until
they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.
We, the US tax payers could have saved 150 billion dollars if we had
let
uh...no. the first AIG bailout happened under president bush and
treasury secretary paulson. and john mccain was the 3rd greatest
recipient of money from AIG.
You haven't been paying attention have you. I have always said McCain is
an idiot. I seriously doubt that McCain's mother voted for him for
President.

well, then, complaining about people who actually are trying to help
the middle class instead of destroying it as republicans have done for
8 years isn't getting you anywhere is it?

get your facts straight. the fact is, deregulation helped AIG get so
big that, if it failed, it would have destroyed the financial system
of the US.
Blame Congress, they are the ones who wrote the legislation that enabled
AIG to become as big as it did. When you let a company get into two many
different areas of financial products you get these behemoth monsters.

and the reason congress did this is that reagan and milton friedman
manufactured the myth of the 'free' market, unregulated, unhampered by
unions, would strengthen the US economy.

it had exactly the opposite effect. the middle class is being
destroyed. the rich got amazingly richer.

The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.
and since there is NO free market in the US, your grimm's fairy tale
view of the economy is touching. your mother read you milton friedman
at bedtime?
You want the same bureaucrats in DC who buy $600 hammers and $1000
toilets to run the economy?-

they have been running it for the last 8 years. what planet did you
just come from?

They been running it longer than 8 years. Was under Clinton's watch where
the worst thing happened, and it was Clinton's Sec of treasury that promoted
it. Repeal of Glass-Steagall act. Same Mr. Rubin who put Citigroup in such
peril.

What happened to the greatest monetary mind of our time, Mr Rubin? It
seems that he has literally disappeared form public view since Citigroup
took a nose dive towards insolvency? I guess faith in him, Mr Rubin, was
misplaced.