[ExI] AIG Bail out

artillo at comcast.net artillo at comcast.net
Thu Sep 18 13:28:07 UTC 2008

I think that if I was an AIG customer I would only pay 20% of my premium, seeing as now we own 80% of them. ;)

I certainly don't expect the government to step up and do anything for ME if I start to slide towards insolvency. Hmmm... maybe I should write them a letter to them requesting a bailout from my current debt so I can afford to put food on my family's table. I wonder what kind of response I would get back.

It really REALLY irritates me that the government would bail out ANY company (yeah, I understand that it's a messy entanglement with these giant companies and it really can't be simplified as much as I'd like it to be, BUT....). Think about it. A small business that goes under for whatever reason has to deal with the consequences of it's actions. AFAIC that's the nature of business... you take a risk, you pay the consequences of your decisions and hope that those consequences produce positive returns.

It seems to me it's just one more piece of evidence showing that supply-side/"trickle-down" economics doesn't work.

my 2 cents,


 -------------- Original message ----------------------
From: The Avantguardian <avantguardian2020 at yahoo.com>
> If the American people now own 80% of AIG, the world's largest insurance 
> company, does that we mean we get to have nationalized healthcare now? Or are 
> AIG's customers going to have to continue to pay premiums to be eligible to file 
> any claims that will end up being paid with their own tax dollars?
> Stuart LaForge
> "See them clamber, these nimble apes!  They clamber over one another, and thus 
> scuffle into the mud and the abyss."- Friedrich Nietzsche
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