McCain and the AIG crisis

[andruejaysin]

Of course it wouldn't solve anything, in the in end you get a napoleon or stalin. But that misses the point, there is no past, no future, only the sheer joy of the orgy of destruction. GW nailed up there screaming "oh, father why have you forsaken me?" And we would all wonder if he were speaking to god or papa bush or maybe The Dick. People babble endlessly about the end days. Lets quit waiting and make it happen.

[Esoteric416]

Damn AJ you really aren't nice are you.
Way to earn that rep. LOL

[killerweed420]

Heard on the news this morning that we have already bailed out $800 billion worth of failed businesses so far this year not counting AIG. 300 million men women and children in America divided into $800 billion equals $2,666 each that very man woman and child is going to have to ante up for this year alone, much less our national debt.
Keep following all the lemmings people. Your chief is leading you off the cliff.

[flyingimam]

"While I think mccain would be an improvement over bush, and obama over mccain, things have gone to far for political solutions. The time is right for violence, revolution does not come through elections. It comes when leaders are crucified on telephone poles."


I could not disagree more. More good would come from a politician such as Ron Paul in office then could ever come with you being locked in a room with a machine gun and the countries political power players. To think violence is the only solution is silliness. After we hang the bastards who is in charge? Probably the person who hung the most people. No thanks.

oh revolutions are dangerous, not that they are bad but u cant imagine the force they can have and what they cant do... i know it first hand cuz ive seen one major one in recent times first hand and its effects in comparison to its promises

all u need to get from bad to worst! is to have one of these hidden corrupt bastards run your revolution, people never unite without a leader for such massive movements

and as far as i remember, we americans respect our system so much (sadly or happily) that even in the 1930s and depression we did not revolt and that was the worst time in modern american history

Revolution is really not a "safe" choice for change, its pretty much like wars, starting one may be the easiest part, controlling one and winning one is very very hard and it can have very unpredictable results... even if there is a good and people-loyal leader on top, she/he may get assassinated and then what...

revolutions are strong sweeping forces of mad masses, like a wild fire, it will burn guilty and innocent togtether

[dragonrider]

Here's the way this works.

Republicans like to deregulate buisneses. The argument is that regulations stifle competitiveness and opportunity, and the buisnesses should be free to take greater risks if they want to. A crucial piece of the argument is that those companies don't need regulation relating to risk, because it is they themselves and their shareholders who take the risk --- they have their own self interest in being responsible, becasue if they act irresponisibly they might fail. They should be able to reap the rewards of risk, but also have to pay the costs of irresponsibiltiy.

But then after deregulation has resulted in years of those companies and their CEOs and shareholders walking away with record profits, the irresponsibility eventually does catch up, and they go bankrupt. But instead of being left to face the consequences, they are called "too big to fail" and WE TAXPAYERS have to bail them out! Right now we have a Republican president NATIONALIZING our financial industry! We go for years of privatizing all the profits, and as soon as these companies go bankrupt, we nationalize the loss!

Man, I wish I could get this deal! I'd go to Vegas and bet a million dollars on Roulette. The deal is this: If I win, I get to keep the profit. But if I lose, then I get declared "too big to fail" and the US taxpayers cover the loss and pay the casino for me! It's great! How do I get in on this?

The fact is that these companies ARE to big to fail. It is totally true, and we have to save them. It would be a disaster for everyone if these companies went bankrupt, and it could tank our economy into something like the Depression.

So why do we let this happen? If we already know these companies are too big to fail, and we know we are going to be on the hook if they do something irresponsible, we should be exercising appropriate oversight and having adaquate regulation to make sure they don't get to this point! We should be able to protect our stake if we are going to have to bail them out! We should not just let them do whatever irresponsible thing they want, walk off with the profit, and leave us holding the bag! That's robbery and fraud!

Now that we are at this point, we have to save our own asses by bailing them out, but let's not get into this shit again.

And we have been in this shit before. We did it with the Savings and Loan crisis in the 80's. Reagan deregulated the S&L industry, and soon taxpayers were covering $160 billion in losses when some 700 S&Ls went under.

John McCain was part of that fiasco and was one of the so called "Keating Five." MCain and four other senators were investigated for taking money from an S&L CEO and pressuring regulators to back off on investigating his S&L. They did back off, and then when that S&L went under, we taxpayers picked up the billions in losses.

McCain was right in the middle of the previous deregulation-related financial industry bailout, and now he's showing some serious poor judgemnt in this one. I don't think he can be trusted to deal with this situation responsibly.

[TheMetal1]

We go for years of privatizing all the profits, and as soon as these companies go bankrupt, we nationalize the loss!.........
Man, I wish I could get this deal!

Wow... great post. That sentence ^ pretty much sums it up. I'm slowly realizing that "survival of the fittest," applies more to species than individuals. We are proving that we are not fit for this world...

Sad but true...

[DaBudhaStank]

Aye tis true, we just dont care about accountability anymore.

What's that? You caused the rapid downfall and bankruptcy of your own company because you gambled and lost? Don't worry dude, I'm here for you. Ohhhh nice severance package, how big is that? 5 million? Not bad, not bad. Nah nah keep it, you can buy a sweet house in the Hamptons with that, and then some. Well I KNOW you have three houses already, that doesn't mean you don't need a few more.

I'd have rather risked a depression to be honest. Sometimes we need to do something radical so people wake up. We can't keep saying that wealth is the most imporant thing in the country, and that if you screw over millions of Americans you should get PAID millions of dollars. I think it's becoming very close to a proven fact that the government cares more about big companies and money than they do about us.

[Dutch Pimp]

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[rebgirl420]

Heard on the news this morning that we have already bailed out $800 billion worth of failed businesses so far this year not counting AIG. 300 million men women and children in America divided into $800 billion equals $2,666 each that very man woman and child is going to have to ante up for this year alone, much less our national debt.
Keep following all the lemmings people. Your chief is leading you off the cliff.

I think my opinions on the whole economy thing are clear in the other post but I just had to say that the lemming example isn't actually true haha.

I was watching Animal Planet the other day and they said that lemmings don't actually leap to their deaths like that. And that the whole idea is a wash because the people who originally filmed it actually chased them off the cliff.

Random yes, but I thought everyone would like to know haha.

[The Figment]

Remember.....The Republicains (McCain,Bush,ect) for years have been trying to get the idea that it "Would be good for the Economy to Privatize Social Security" Crammed down our necks.....our 401k's aint worth a shit,our Real Estate Equity is falling thru the basement,Employer Benefits for employees are being eroded away at a breakneck pace,Wages are Down,Unemployment is up.....And These Assholes Wanna Take The Social Security Income WE Pay Every Week and Invest It In Wall Street????????????????

OH HELL NO!!!!!!