Re: "AIG Credit Default Swaps". I think the "Federal Gov. OF the People" should save it's money and just shut down AIG! TEAR UP the CDS's and call it a day. The 'Casino' is OUT OF CONTROL and Bush's friends are grabbing all the $$$$ they can before handing over the wreckage to the next administration... If these guys levered up their balance sheets with all this alphabet soup, let THEM figure it out without ANY Federal $$$ and see how far they get! To let this 'broad daylight' theft continue will be written about for decades to come and we will all be the poorer for it... It's SO brazen, ballsy and astonishingly! We should ALL be ashamed of ourselves for allowing it to happen!
White-Hot Mad over AIG [View article]