MUAD_DIB
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Tue Sep-16-08 08:58 PM
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| IF AIG can't make it then it shouldn't it be broken up and sold? |
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Instead of the Fed assuming tens of billions of debt wouldn't it be wiser to get the private sector involved and not the US tax payers grandchildren?
How much more debt can the US assume?
Enough is enough of this "too big to fail crap."
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| begin_within
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Tue Sep-16-08 09:00 PM
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| 1. Yeah, I thought the "free market" was supposed to be the answer to everything |
| Omnibus
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Tue Sep-16-08 09:02 PM
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| 2. To paraphrase Grover Norquist... |
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If a company is too big to fail, split it up into divisions and drown each in the bathtub!
(For extra irony, drown each division in Grover's bathtub.)
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| lapfog_1
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Tue Sep-16-08 09:04 PM
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| 3. Well, for the free market types... that would be the solution |
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And one to throw in their faces.
But if AIG goes down, there would be another 1000 point (minimum) drop, and the resultant severe recession or, yikes, depression.
Yet to be seen if an AIG bailout stops that.
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| DB1
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Tue Sep-16-08 09:10 PM
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| 4. Absolutely correct. Even Goldwater would agree. This is nuts. |
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Fri Apr 26th 2024, 04:52 AM
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