phylclar

Federal Reserve Buys AIG

Here we go on the Fed ride.

A grossly mismanaged company is bailed out and we again as taxpayers will bear the brunt of this cost. The large amounts of money that were made by hundreds of execs at AIG that helped create tonights bailout by greed motivated corporate decisions are just fine and sleeping well tonight.

The moral obligation would have been the same as made the other day with LEH- greed must be eventually paid for- it is a very expensive emotion.