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Politics : The Obama - Clinton Disaster
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To: Bald Eagle who wrote (9380)3/16/2009 6:10:45 PM
From: DuckTapeSunroof1 Recommendation  Read Replies (3) of 103300
 
Re: "That looks like communism to me!! Quit deluding yourself."

Then, apparently, you DON'T KNOW ANYTHING ABOUT COMMUNISM!

Communists don't PAY to BUY companies --- they just force appropriate 'em!

The American taxpayer has ALREADY INVESTED over $170 BILLION buying preferred and common shares in American International Group so that we now own over 80% of all outstanding equity.

Re: "They should have let it go bust and let the chips fall where they may."

Then *you* (and the rest of America's taxpayers...) are flushing away $170 Billion.

(Wouldn't it be better to try to turn it around and then reprivatize it, sell it back on public markets some couple of years down the road like the Reagan era Resolution Trust Corporation did with all those hundreds of seized Savings and Loans, and try to get our money back?)
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