17 Eylül 2008 Çarşamba

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.
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3 yorum:

  1. quizwedge17 Eylül 2008 07:03

    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.

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  2. Nomad17 Eylül 2008 07:29

    We'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.

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  3. CRCHAIR17 Eylül 2008 09:34

    If I own it, does this mean I can stop paying my premiums? ;-)

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