Pages

Sunday, March 1, 2009

AIG (All Income from Government)

I wish Obama had spent some time in his speech outlining exactly why it is we need to keep pouring money down the AIG rabbit hole?

I see we may be giving them another $30 billion. Oh, and converting those dividend paying preferred shares into non-dividend paying shares.

It seems AIG will join Citi in the pantheon of corporations with too much government money to fail. Ever.

1 comment:

Steve said...

I'm not sure anybody even knows what AIG really is! It has to be the most arcane,powerful,influencial,mysterious,
entity that exists. Does it insure the world? Does the world depend upon its existence? Is it a shadow government? Do we all owe our livelihoods to its tennacles? Seriously, it must be a master-race plan or something.