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AIG should STFU and be glad to be living in a socialist economy. In a real free capitalist economy they'd be dead. It sure would have brought turmoil but... T
by martinced 14y ago
AIG should STFU and be glad to be living in a socialist economy.
In a real free capitalist economy they'd be dead. It sure would have brought turmoil but... The sooner this fake economy goes down, the earlier real recovery can start.
We're only pushing the can down the road and, meanwhile, creating all the necessary condition for a much harder landing.
Nicolas Nassim Taleb said that companies like GS and AIG should STFU and that their employees should be getting minimum wages (and certainly not more bonuses).
You have to realize that AIG is effectively on "life support" as Taleb puts it.
When you're on life support because you screwed and when an entire country is bleed by taxes to keep you alive (all the money that went to AIG is taxpayers money), you better STFU.
I can't even begin to understand the various people explaining here that the terms were not reasonable.
Next time let GS / AIG and all the ones benefitting from the "crumbs of capitalism" as Buffet puts it (i.e. finance) to die a horrible death.