The whole AIG thing affects me in ways it affects very few people...

[cpnhowdy]

I agree it does set a bad precedent, but Vince? What would you do?

If the government let AIG fall, okay, that's a great example to set. Government out of the private sector, no free rides, great. But then you underestimate that that would decimate the global economy.

I keep hearing from various blogs, forums etc that it would decimate the global economy but I havent seen a worst case scenario. How would it happen and how bad would it really be? Has anyone anywhere come up with a scenario?

The $700 billion bailout come to about $2000 per taxpayer I believe. But what the hell do I get out of it?
I dont think I would be affected much by any AIG, Freddie, Fannie, Lehman, Bear etc bankruptcy, and actually welcome it.

 

[ibznorange]

i dont see it in here
you realize that AIG is responsible for bailing out the government?

when the government gets sued, they cover 2Million. any excess is paid out by AIG. naturally the gov is gonna bail em out. I dont agree with it, but i understand it