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Don't be silly. You're asking Congress to be prophetic in their creation of laws. Omniscient perhaps. When did our society decide that if it's not illegal, i
by fnid 17y ago
Don't be silly. You're asking Congress to be prophetic in their creation of laws. Omniscient perhaps.
When did our society decide that if it's not illegal, it's okay. It's not okay what they did. They knew their actions would jeopardize the livelihoods of thousands and create an economic catastrophe -- that's why they did it. They had to in order to be bailed out.
It was theft. What you are saying is analogous to blaming a bank for being robbed. Or a pedestrian for getting mugged. The american public was mugged by AIG and it's AIG's fault. Not the american people's fault.
- TomOfTTB 17y agoThere's a difference between being prophetic and thinking something through. A prophet tells the future that isn't obvious. That's not what happened here. It isn't like this just happened. It had been built up for years. As for it being "right", I didn't say it was. In fact, I said the Government should have just let the company fail. But Congress institutionalized "wrong" here. They've said "It's a great thing for people to own their own home so companies like AIG should make crazy loans and not worry because we'll clean up the mess if it goes wrong" That's why fault is laid at congresses' feet here.