An Exit Strategy for AIG?

• March 18, 2009

I was listening to AM1100 today and at the top of the hour news I just about lost it.
The topic was the bonus furor over the AIG bonuses in Washington. Congresswoman Michelle Bachman was heard to ask if there was an “exit strategy” to get out of AIG?
Timothy Geithner was referred to saying that he planned on deducting the amount of the bonuses from the next bailout payment.
What? There’s going to be another emergency bailout?
And if you can deduct any amount from a future bailout why are you giving them any money anyway. It seems to me that if they need 20 billion dollars giving them any less than that is a complete waste of money. Giving them any more than they absolutely need is a waste of money as well.
This little news blip just shows to me that the jokers in Washington (blame both parties if you want) have no idea of what they’re doing.
What they’re really doing is screwing up the economy for the long term.

Tags: Domestic Issues, Economy

http://Array Bat One

Morr,

We’re not bailing out AIG… We’re bailing out the whole world’s financial system through AIG. Read here.
SigFan

Comedy and Tragedy. When the Marx Brothers are running the country you just know that it’s going to be an exercise in idiocy. Sometimes I don’t know whether to laugh at the comedy of errors that our government has become or to cry for what it’s doing to the country.
robert108

Bat: If Comrade Obama gets his way, we will be paying with our freedom long before that.
robert108

Bat: So, according to Barney Frank, we(the Dems) will own the world?
robert108

So, Hitler, Stalin, and all the rest were stupid, in that they tried to conquer the world through military force? The real way to do it is to print money? Whoda thunk it?
Mark

Geithner needs to be fired, and his boss needs to be impeached. This is utter lack of knowledge or responsibility on their part.

“Education without common sense is a dangerous thing”.

I don’t think there is much common sense left in Washington anymore.

The more they try to fix it, the worse it becomes.
http://reasonsnottovoteformccain.blogspot.com/ Morr

AIG isn’t too big to fail. It’s too big to save.
Bat One

R108,

And guess whose grandkids will get stuck with the bill for the Dem’s expansionist leftwing autocracy?

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An Exit Strategy for AIG?

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