The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jill who wrote (164599)	11/15/2008 2:48:14 PM
From: GraceZ	Read Replies (1) of 306849

Well that isn't what I'm saying even though you feel the purely emotional need to misrepresent it that way. I understand your need to vent. If you look at it from the strict self interest of the taxpayer, it wouldn't be particularly smart for government officials to invest in the company and then force AIG to destroy the value of what they just bailed out. Ideally the taxpayers want to be paid back for the loan or equity investment (however you want to look at the money that changed hands). In my story about the guys whose bonuses weren't paid by the financial firm who suffered after the tech wreck, the ones who were really good at what they did, of course, left the firm that stiffed them because they got offers from competing firms. The managers that sucked stayed put. That part of the firm's business never did recover from having all their best talent leave en mass. If you see the government loan as something that shouldn't have to be paid back, by all means, the government should stop them from paying their people what was promised to them. I just didn't interpret that money as money that was being offered so that AIG could conduct an orderly liquidation.

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