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.