Should we Let AIG Fail or save them.....

[troopgear]

Should We as Tax payer let them sink or swim!!!!

[Zarathustra]

Bear - fail
Fannie - fail
Freddie - fail
Lehman - fail
AIG - fail
wamu - fail

an other business which is insolvent - fail

[troopgear]

I say????? LET IT BURN!!!
I know that's bad, but it does benefit me.....and you.... Just sell the hell out of the USD.
PLUS, it would clean-out all the crap in the markets........
It would be a cleansing.....

[Zarathustra]

I can't agree more. The American people are so stupid not to realize that these bailouts do nothing but preserve the assets of the wealthy financialists who cause the problem, screw the small investor, and stick the taxpayer with the bill, while double taxing them via the inflation caused by the Fed "creating" the money for the bailouts in the first place. It is a true sign of this how far this country has fallen that there isn't riots in the streets of New York and Washington. Instead the average American nods their head in approval at the government and Fed "coming to the rescue" of their economy. Sickening.

[Northboy]

Originally Posted by troopgear

Should We as Tax payer let them sink or swim!!!!

Nasty either way.

At some point someone has to decide if providing certainty to the market is worth the cost. The long term costs of not providing could lead to a reorganization of the "federalism" which is the United States.

Glad I live in a commonwealth at this time.

[colesmommy1117]

Originally Posted by Zarathustra

Bear - fail
Fannie - fail
Freddie - fail
Lehman - fail
AIG - fail
wamu - fail

an other business which is insolvent - fail

I second this!

[visual co-creator]

*

[Zarathustra]

Originally Posted by Northboy

Nasty either way.

At some point someone has to decide if providing certainty to the market is worth the cost. The long term costs of not providing could lead to a reorganization of the "federalism" which is the United States.

Glad I live in a commonwealth at this time.

I respectfully disagree, if I understand your response. The bailouts are a federalization of the market, or more aptly a socialization of the market. Except what is being socialized, or made whole at the expense of society (i.e. taxpayers) are the investments of the wealthy finaciers who created the problem. In a free market economy improperly run businesses are SUPPOSED to fail. If the need for the service remains, other enterprises step in to fill the void. If the need disappears, the business should have failed SOONER.

The real problem here is the possiblility, very real in my mind, that these moves are a bridge from free markets operating in a democratic republic, to a key element of fascism. Fascism is identifiable by being unable to distinquish between the corporate and government sectors.

At the very least, when a failed insolvent business is propped up by taxpayers, you have, as Jim Rogers termed it, "socialization for the rich, by the poor".