09-17-2008, 01:22 AM | #11 | |
Senior Member
Join Date: Aug 2005
Location: the far corner of my mind
Posts: 8,711
|
Quote:
Better still, it looks like you are going to be a part owner of AIG! What a country!
__________________
Sorry for th e tpyos. |
|
09-17-2008, 01:32 AM | #12 |
Board Pinhead
Join Date: Jan 2006
Location: In the basement of my house, Murray, Utah.
Posts: 15,941
|
Do what I do Mike - put your money in Mason jars and bury them in your backyard.
__________________
"The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB. |
09-17-2008, 01:40 AM | #13 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Here's the question:
In the event of insurer insolvency (which is the path that AIG is on), the government is obligated to step in and take over the business. Is it better to step in before insolvency or after? Government intervention is going to happen either way. Does "proactive" intervention mute the huge ripple effect in the market that the failure of a company that employs 116,000 people and insures 74 million people worldwide creates, thereby preventing the need to intervene elsewhere as fallout spreads like a virulent disease? Pick your poison. One might just temporarily paralyze you, the other will kill you and leave your lawn a toxic waste dump. |
09-17-2008, 02:11 AM | #14 | |
Demiurge
Join Date: Aug 2005
Posts: 36,368
|
Quote:
Now instead of letting the dead man die we turn him into a taxpayer owned frankenstein. I love this. We are finding out who the true conservatives are. Indy is pathetic. |
|
09-17-2008, 02:12 AM | #15 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
|
The regular insurance part of this company is perfectly healthy and would have been sold, so take your ignorant fear-mongering some place else.
|
09-17-2008, 02:23 AM | #16 |
Senior Member
Join Date: Jan 2006
Location: Kaysville, UT
Posts: 3,151
|
It's time to start a business! Private profits and socialized losses! What a country.
__________________
Still fat ... |
09-17-2008, 02:24 AM | #17 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
|
|
09-17-2008, 02:41 AM | #18 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Having worked for a company whose "regular insurance part" was healthy and went Chapter 11 anyway (Conseco), I'll file your response in the newly expanded "Ignorant Waters comments" warehouse.
|
09-17-2008, 02:49 AM | #19 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
|
|
09-17-2008, 02:53 AM | #20 | ||
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Quote:
Quote:
|
||
Bookmarks |
|
|