FYI, you now own AIG
It is not as crazy as it sounds. Yesterday the Fed made an $85 billion loan to AIG and now owns 80% of the company. Taxpayers own the Fed. So, you own AIG. (Yeah, I know it is more complicated than that.) I have to say that I am very uncomfortable with this approach to governing. Under a supposedly Republican administration, we now have a government takeover of one of the largest insurers in the world. Are we headed for a future with universal health care, simply because the government owns a major insurance company and decides to crush all competition? It is not as crazy as it once would have sounded.
I, too, thought it unsettling, though it sounded like the Fed is buying it to shut it down from the one article I read. We get our money back by selling assets.
YanıtlaSilWe'll see, Wedge. Remember, it may be Barack Obama as commander-in-chief by the time the lawsuits have all been cleared and they really begin dispersing the company.
YanıtlaSilIf I own it, does this mean I can stop paying my premiums? ;-)
YanıtlaSil