I want a bailout for making bad bets in the market, now!
The market's only been telling people for over a year that there were problems in the credit market.
Lehman can fail, but AIG somehow can't because of potential problems that may result? Where is the actual proof of the financial armageddon that will result from letting people make bad decisions and having to live with it?
Let these companies fail, show them that there are consequences to there actions. If it throws the system in turmoil for a while, at lest it ends the perception that no matter how bad you screw up the government will come to you rescue.
Seems questionable that there wasn't funding available to Lehman Brothers but somehow it's there for AIG. Why should one company be spared and the other left to die when they both made the same bad bets on the same instruments.
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I want a bailout for making bad bets in the market, now!
Sep 16 22:14 pm
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All Comments by Dweezil »America Buys AIG [View article]
The market's only been telling people for over a year that there were problems in the credit market.
Lehman can fail, but AIG somehow can't because of potential problems that may result? Where is the actual proof of the financial armageddon that will result from letting people make bad decisions and having to live with it?
Let these companies fail, show them that there are consequences to there actions. If it throws the system in turmoil for a while, at lest it ends the perception that no matter how bad you screw up the government will come to you rescue.
Seems questionable that there wasn't funding available to Lehman Brothers but somehow it's there for AIG. Why should one company be spared and the other left to die when they both made the same bad bets on the same instruments.