dax

AIG Needs Dissolving

Sorry Buster

AIG is an embarrassment, and should be delisted, its well working pieces parsed out and the waste written off.

Its ugly, painful and the capitalist way


On Sep 22 07:25 PM blogbuster wrote:

> Seriously, does the world need another overworked, generic piece
> on AIG calling for torch and pitchfork marches?
>
> The government support works, which is good, but the relative fragility
> of AIG bothers you so Uncle Sam should rush in with the machete and...
> do what? Dissolve the company? Lose more taxpayer money in firesales?
> Raise fear and uncertainty on the street about economic stability
> and the government's fickleness? Encourage hordes of marginal "journalists"
> to preach politics from the ill-informed blog pulpits?
>
> And of course you are qualified to attest to Benmosche's subjective,
> personal, and undisclosed views of the severity of AIG's situation.
> Same for Greenberg- surely he is just about greed, as you are clearly
> just about seeing your print on a website, gleefully counting misguided
> clicks and traffic like a school girl. Yeah, Matthew, you have it
> nailed. Clearly. And Towns? How odd indeed! To think that a Congressman
> involved in determining AIG's fate might actually be open to suggestion
> from informed parties about how to proceed so that everyone can win
> in the long term.
>
> I think Wall Street and the public have enough reminders of the perils
> of past financial problems-- we don't require fresh burnings-at-the-stake,
> rather fresh voices and views. Open-minded, balanced, fair, and
> critical voices. The only thing we really need to pitch to the ash
> heap are vitriolic tripe like your article.