retiredengineer

AIG Bonuses Are Just the Tip of the Iceberg

It is just the tip of the iceburg. I agree when congress hands out billions of tax payers dollars with no strings they are throwing our money away. I a company goes under and the tax payer bales them out how can you justify bonuses, dividends, or bond payments until they are solvent. They are braking the law and rewarding the crooks that took bad securities as colateral. There are plenty of people out looking for work that would do a better job of unwinding the mess than the crooks that caused it in the first place.

Five Impossible Thoughts After Breakfast

A very interesting article. As the government prints more money I don't see that you will be far off. Most people I've listened to on CNBC have not been realistic for the last 20 months. Only time will tell if you are realistic and right or if the government continues to make this mess wore by throwing away taxpayer money in the stock market in the name of saving us all.