The government agreed late Sunday to provide $30 billion more to American International Group as the company prepares to report a $62 billion loss today, people involved in the discussions said.I hate to ask as a Conservative, but would it be cheaper to just let AIG go bankrupt and promise to fund all the displaced people for 5 years via the unemployment system, when the Recession will likely have passed?
The insurer’s quarterly loss would be the biggest in history.
The intervention marks the fourth time that the federal government has been forced to step in to help AIG avert bankruptcy.
2 Mart 2009 Pazartesi
AIG hungry! Want more bailout!
Sigh. What more can be said? Sigh.
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Not exactly unexpected. It's like with kids. Give them something to get a desired result, and you have to keep giving it to them to keep getting that result. "Johnny, if I give you the bear, will you go to sleep?" and then Johnny always needs the bear to sleep.
YanıtlaSilWhy does no one understand this principle?
Because Congress and the President do not want to "deal" with the issue at any fundamental level. They ultimately see the Recession as simply something hampering their agenda. They want to throw it a bone and have it go away, so they can focus on Universal Health Care and the like. After all, this kind of politics worked so well BEFORE the Recession.
YanıtlaSilThis is the problem with electing the people who CAUSED a problem, and then asking them to SOLVE that same problem. (And before anyone assumes otherwise, we'd be in the same place if we had elected Republicans. We need a clean sweep.)