> "Robert Cohen" msn.com> wrote in message
>
> news:e9821f26-d314-4e79-ba82-59492dc4887c@l43g2000hsh.googlegroups.com...
> On Sep 16, 10:01 pm, Robert Cohen msn.com> wrote:
>
>
>
>
>

>> On Sep 16, 8:42 pm, Fred Weiss papertig.com> wrote:

>

>>> On Sep 16, 8:37 am, Robert Cohen msn.com> wrote:

>

>>>> True and are anti-pubic interest, because these financial behemoths
>>>> are intricately dynamic & essential utilities, as so many people and
>>>> dealings are inter-depending on 'em

>

>>> Wheras that doesn't apply to our beneficient gov't?

>

>>> Obviously Lehman Bros., for example, wasn't considered an "essential
>>> utility". On the other hand was Bear Stearns?

>

>>> Btw, did you notice how Barclays slipped in there today to pick up the
>>> best parts of Lehman. The rest of it will be allowed to collapse - as
>>> well it should. But tell me Robt. how that effects you? Did you have
>>> stock in Lehman? Do you have a position in mortgage derivatives or
>>> credit related swaps or auction rate securities?

>

>>>> Our houses of cards are self-destructing if not intervened upon by
>>>> Uncle Sam

>

>>> Well, that begs the question doesn't it?

>

>>>> We are re-learning the Herbert Hoover era dilemmas

>

>>> Well, we should but we aren't in fact. Hoover was far, far from a
>>> laissez-fairest. In fact his actions were perfectly designed to worsen
>>> the Depression, e.g. raising taxes, imposing high tariffs, tightening
>>> the money supply. FDR, your hero, marched in and made matters even
>>> worse.

>

>>> Fred Weiss

>

>> The Federal Reserve is gonna loan AIG 85 Billion

>

>> Good

>

>> The company has the assets to handle this loan

>

>> AIG going bankrupt would be too disruptive- Hide quoted text -

>

>> - Show quoted text -

>
> http://www.iht.com/articles/2008/09/17/business/17insure.php
>
> ------------------------
>
> Bzzzzt , i think that's wrong.
>
> AIG should go into the dustbin if the Board was incapable of managing the
> business according to Law - period.
>
> The $85 billion of Fed money, or Govt money should then be given as
> "recompense" to individuals and business whom as a result of AIG going
> bankrupt, have been harmed in some way.
>
> eg people who lose their life/employment insurance payouts, or whose house
> got burnt down and AIG fails to honour that insurance. SIMPLE -- this is
> what is called "public interest" Robert.
>
> Don;t confuse "business self-interests" with the public interests .... it
> is
> totally different. Give the money to the people who are REALLY harmed by
> the
> poor behaviour of these over paid so called brilliant busniess folks.
>
> THAT's where the focus should be upon, IMHO, those that have been harmed
> by
> incompetence or malfesence, and not a dime spent supporting these souless
> entities who have conned people out of the their hard earned money and
> assets on purpose and due to utter incompetence.- Hide quoted text -
>
> - Show quoted text -