Ex-AIG Chairman: Bailout Has Failed

Discussion in 'Economy' started by Kevin_Kennedy, Apr 3, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    http://www.nytimes.com/2009/04/03/business/03aig.html?_r=1

    Of course we would have been better off had AIG gone bankrupt or out of business, there's absolutely no reason for the government to bail out failed businesses. Mr. Greenberg also puts the blame squarely where it belongs, with the Federal Reserve and the federal government.
     
  2. editec
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    editec Mr. Forgot-it-All

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    The fact that wanker is alive to bitch at all is half the problem with this bailout.
     
  3. Yurt
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    Yurt Gold Member

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    so saying things are not perfect is harmful to the economy and not smart and people should be killed or fired for that?
     
  4. DiveCon
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    DiveCon gone

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    would you prefer firing squads or gas chambers?
     
  5. Xenophon
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    Xenophon Gone and forgotten

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    Well duh.
     
  6. elvis
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    elvis BANNED Supporting Member

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    firing squads on national television.
     
  7. auditor0007
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    auditor0007 Gold Member

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    Pay Per View; we could pay off the national debt if we executed enough of them.
     
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  8. garyd
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    garyd Senior Member

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    Um the government essentially runs AIG at the moment. Please tell me how Mr. Green's assessment is in error and why he is responsible for a bailout that became necessary three years after he was fired quite possibly because he didn't wnat to get involved in these risky investments?
     
  9. Dr Grump
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    Dr Grump Gold Member

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    Or quite possibly that he was responsible for those risky investments? He might be in error if the bailout works.
     
  10. garyd
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    garyd Senior Member

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    Does it look to you like it is working. At the time Mr. Green was fired (2005) as far as anyone can say with certainty AIG was not in economic difficulty, making it far more likely that he was against those risky investments than for them.
     

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