Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (126249)	12/3/2009 6:14:38 PM
From: Dale Baker	Respond to of 542597

There will never be a meeting of the minds or middle ground between those who think that AIG could have been bargained down in the middle of a raging crisis, and those who remain convinced that the first utterance of "AIG default" would not only have frozen our financial system solid, it would have blown up very large chunks of it, leaving a wasteland behind that would have taken a decade or longer just to get back to where we are today. In short, Bernanke and Geithner will never give a flip what the others say about AIG. It's a settled issue in their minds and others. On the plus side for those who want something to fuss about and beat up on, it's a useful punching bag as a totally moot issue today. The rhetoric will roll off B and G's backs. As for passing effective reform, that will be up to the clowns in the congressmen's chairs. I'd bet a large sum they will screw it up so badly that it comes out making a three-headed calf look genetically correct.