Quote:
Originally Posted by Snake Doctor
And this helps the taxpayers and the economy how?
AIG needs to be broken down and sold....then the proceeds from the sale can be paid to the Treasury. Anything that delays or hinders that is just political theater or people wanting their pound of flesh....which might make some people feel better for about 2 minutes but won't do anything to get the taxpayers their money back or fix the economy moving forward.
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We agree that AIG needs to be taken apart and resold.
An investigative takeover helps the taxpayers and the economy by giving one of the major things lacking in this situation - an objective picture of what happened and is happening.
I also agree that the government doesn't have the legal mechanism AT THIS TIME to do an investigative takeover.
However, thats simply a matter of legislative will. And it makes more sense than the idiotic show of taxing the bonuses 100%.
To get back to what I will say is my main point - what is most lacking, and most needed, is a objective picture of exactly what it is we bought when we handed out all this free money to the financial corporations.
How can we trust any of these institutions now?
I read the letter you posted, and my first response is, WHY should I believe a word of it? Or care, even if it's true?