So the Fed decides to spend U.S. taxpayer money to bail out AIG. I say if AIG is poised to go under, why not let them!? I'll drink to that. Besides, it's not like the Fed would extend the same courtesy to private citizens, or small business owners. No. When they go down, that's chalked up to a failing business model. Personal failure. But what about institutionalized failure?
Better luck next time!?
Something happens once you (and your shareholders) cross that magical big boy threshold: you become...untouchable.
"We're essentially continuing a system where profits are privatized and...losses socialized," says an NYU academic.
Until what point are we going to keep standing for this particular sort of crap?
Wednesday, September 17, 2008
"Essentially"? Or "Literally"?
Posted by
Rosie
at
7:35 PM
Subscribe to:
Post Comments (Atom)


0 comments:
Post a Comment