Comment

Obama Tries to Stop AIG Bonuses

717
Sabnen3/16/2009 12:53:02 pm PDT

re: #698 Bill K.

By bailing out AIG the Feds are allowing irresponsible behavior by the company’s directors to continue. Why are they now surprised and appalled that this is so? And why is everyone directing their outrage at AIG instead the the Federal government which insists these deadbeats must be saved at any cost?

The plain and simple matter is that no private corporations are “too big to fail”.

Unfortunately, if AIG is allowed to fail and not pay its’ obligations, the world economy would tank. They are everywhere and insuring everything. They are one of those linchpin companies at the center of this whole fiasco. We are by no means out of the woods in this financial crisis and to kill them off would be to set us back to October ‘08 when each day brought us a new bank failure or merger, except it wouldn’t be confined to the US, it would be in Europe too.