arun44445 said:"Do you really think asking every US citizen whether or not they want the AIG bailout to happen is a productive use of time?"

Yeah, why not just ask one former Goldman Sacks CEO.Why not? Someone who has run a large financial company would seem to be a logical choice to be part of the decision-making process.

I think the US public is going to wonder whether you can get an unbiased answer from CEOs these days. They've proven their ability to detach themselves from risk.

DavidScubadiver said:I would trust the CEO of Goldman to make the right decision about the economy over the vote of 1000 main streeters. Forgive me for saying so.

Maybe, but absolute power corrupts absolutely. Put enough of these asshats in charge and no matter what their intentions going in, they get greedy and then companies fall apart while we fuel up their Jets and build them Condos on 6 continents.

If the CEO of my company drove it into the ground, I'd walk upstairs and kick his ass. I feel like there needs to be SOME recourse for these execs who jumped ship and took all the lifejackets lined with $100 bills with them.

DavidScubadiver said:I would trust the CEO of Goldman to make the right decision about the economy over the vote of 1000 main streeters. Forgive me for saying so.

About his economy and his assets maybe.

jeeves said:DavidScubadiver said:I would trust the CEO of Goldman to make the right decision about the economy over the vote of 1000 main streeters. Forgive me for saying so.

About his economy and his assets maybe.Jeeves, the rich pay a lot of money in taxes. If main street is so upset by what happens, perhaps they will increase the tax rate on capital gains and dividends from stocks. Honestly, it may make more sense if its the case that main street is not invested in the market, the wall street folks shouldn't be subsidized as much as they've been.

DavidScubadiver said:jeeves said:DavidScubadiver said:I would trust the CEO of Goldman to make the right decision about the economy over the vote of 1000 main streeters. Forgive me for saying so.

About his economy and his assets maybe.Jeeves, the rich pay a lot of money in taxes. If main street is so upset by what happens, perhaps they will increase the tax rate on capital gains and dividends from stocks. Honestly, it may make more sense if its the case that main street is not invested in the market, the wall street folks shouldn't be subsidized as much as they've been.

We need to save the assets of the company to save the economy but the top 10 execs need to be wiped out. Jimmy C, Maurice G and Dick F getting out of this with 500 million bucks is unfair. Less said about goldman the better - This was the same company touting $200 oil and driving up prices speculating.

michal1980 said:curtisekarr said:The complete socialization of our entire financial system. And all the "small-government", right-wing neo-cons are buying into this as if it's completely natural. Yet mention Universal Healthcare, which would be infinitely less expensive and infinitely more beneficial (especially if the insurance companies could be removed from the equation), and they're up in arms decrying the Democrats' attempt to "socialize" medicine. Utter hypocrites!

i'm a conservative. And I think this is utter crap.

IMHO, anyone claming to be a conservative, and is for these massive bailouts. Should have there conservative title taken away.

I've always considered myself a conservative as well, but I think its in theory only. The "idea" of small federal government and fiscal conservativism is alive, but in practice, the Repubs spend just as much if not MORE than the dems.

You can only stand behind the claim, "Don't worry, we have the biggest economy in the world, we'll be fine" for so long before someone realizes, "Oh shit, we aren't THAT big" and the whole house of cards comes tumbling down.

Despite all the recent happenings, I think we are far from that point, but this course of action needs to be stopped, not welcomed, if we want our future generations to enjoy the same economic freedoms we have enjoyed.

What's another trillion anyways? Just add it on to the tab.. If the gov't has AMEX Blue, maybe they can get 1.5% Cash Back. LOL

jayK said:EricGo07 said:Lucky US. Too bad no one asked me, I don't want any part of that "opportunity".Perhaps you would be happier living in a country ruled by democracy rather than the US, which is a representative republic.

Do you really think asking every US citizen whether or not they want the AIG bailout to happen is a productive use of time? Judging from this thread, that's a resounding "no".

lsdreem said:Many people fail to see that the main problem with all this bailing out is that every tax payer now is a unwilling participant in the worlds largest Hedge Fund. We are going to take all the risk and will never see the reward if any. The US stands to make a killing, especially if AIG defaults on their loan. If that happens the US will own some of the best Tier 1 assets in the world.What, you don't trust the government to benefit you if they make a killing on the AIG deal? Believe me, the loan will be repaid before the Gov't get to collect its shares. But if it did not, then it would help our balance sheet, lower our national debt and inure to the benefit of all.