HumbleCitizen

Federal Reserve Buys AIG

I don't understand Fed's logic. Why would they not help LEH but AIG? What's the rationale?

If you are big, and you make a big mess such that not only US but the world suffers (i.e you screwed every one in the world) then we will come to your help. If you are small and make small mess, it's your fault, we won't help you.

So are AIG executives deciding on pay cut or resigning. Are they going to jail? Are they filing for chapter 11? Oh and selling their jets so that they can help the common man what lost money on AIG shares from 70 to $2?

I think there should be strict actions against the leaders of this company (not just removing them from their current position and giving them millions in compensation for screwing up)..

I am loosing faith in these so called Executives who develop STRATEGIES for companies. We can see what they have done not to their own company but to the entire economy of the world. I think an average joe could have done a better job running a company. He would have not made such a royal screw up. I admit, he would have not made sky rocketing profits but it would have been better than today's condition...

After all these our $$ is getting stronger!!!! What in the world is going on?

Should we trust these executives? or our financial institutions? or our beloved Fed and their logic? and our $$ moving forward?

GOD BLESS AMERICA!!