A.I.G.

[professorpinasheep]

I fail to see the problem with this. A piece of me is happy that AIG is being called out on their unethical business but I'm more scared by the ramifications of it. How is this a problem?

http://blogs.wsj.com/wallstreetcrisis/20...rs-on-aig/
I don't know that AIG was unethical. Very probably, but that's not what got them into trouble. It was their poor business practices and bad habit of gambling on big risk/big reward situations. This is why the government bailouts aren't working.

In a sense, what the government is doing is comparable to giving an unemployed alcoholic junkie a fat wad of cash and telling him to go buy a suit and work on his resume. In a perfect world, the addict would improve himself and become a productive member of society. But we all know it's not a perfect world, and in all likelihood the junkie will go score his next quick fix and be back in the same boat he was before the cash infusion.

Am I the only one who heard today that 13 of the banks that received bailout funds are behind in paying their federal taxes? Jesus, they might as well be run by Obama nominees. Hell, two of them alone (weren't named as of yet) each owe over 100 million.. AND THE GOVERNMENT GAVE THEM MONEY.
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