SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SilentZ who wrote (508720)8/28/2009 6:22:08 PM
From: Road Walker  Read Replies (1) of 1576159
 
I'm not entirely sure that AIG would've gotten bailed out if it hadn't been keeping GS alive.

Yes, it would. It was the biggest cancer. It wasn't the birthplace of CDSs but it was where the bulk ended. Plus it was the largest commercial insurer in the world... it would have brought down the entire commercial insurance market with it's tentacles.

I know there is an anti-Goldman bias; well deserved. They profited from this mess. But their crime is being the smartest of the sleaze "financial institutions". GS would have survived... in fact without the bailouts, eventually they may have dominated more than you or I would have wanted.

If you hold your nose I think it was handled perfectly. Some bad guys benefited... but we still had an economy. You could have punished those guys, but you would have punished 100 million other people in the process.

Pragmatism has it's downsides.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News