AIG and the Bail Out
Original post made by Sharon, Midtown, on Mar 17, 2009
Things are heating up all over the place
1/ Anger Over Firm Depletes Obama's Political Capital
President Obama's apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda. Web Link
2/ Senator suggests AIG execs should kill themselves
IOWA CITY, Iowa (AP) - Iowa Sen. Charles Grassley suggested that AIG executives should take a Japanese approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.
The Republican lawmaker's harsh comments came during an interview with Cedar Rapids, Iowa, radio station WMT on Monday. They echo remarks he has made in the past about corporate executives and public apologies, but went further in suggesting suicide.
"I suggest, you know, obviously, maybe they ought to be removed," Grassley said. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide.
"And in the case of the Japanese, they usually commit suicide before they make any apology."Web Link
3/ The real crime of the larger bail out is that we will be forcing our children to sign a treaty of Versailles with crippling debt and reparations spanning generations which will destroy their hope of a better future.
The difference is that unlike the Germans in WW2 our children never declared war on us.
4/ Of course there is always this possibility.
They won't be required to pay crushing debt, not if they live in a Republic.
They'll just vote it null and void.
Don't think for a minute that any generation can saddle the next ones with debt they decide not to pay.
The Chinese are fools to loan the money, as is anyone who has any sense of history.
Ask the folks who hold Czarist and Confederate war bonds.
Debts that can't be payed, won't be paid.