11-11-2009, 05:13 PM
This is why they never should have bailed out anybody.
You wanna gamble with OPM? Fine.
Reap the benefits when you win, take your lumps when you don't.
AIG wants to be known as an "insurance company" when it's convenient for them.
Meanwhile, they had all these off-the-books shenanigans going on, from which certain individuals were able to skim a lot of money for a while.
Now that the jig is up, we're all supposed to pretend that AIG the stodgy, conservative "insurance company" was a victim of "market forces" -- circumstances beyond its control.
It's all a complete farce.
You wanna gamble with OPM? Fine.
Reap the benefits when you win, take your lumps when you don't.
AIG wants to be known as an "insurance company" when it's convenient for them.
Meanwhile, they had all these off-the-books shenanigans going on, from which certain individuals were able to skim a lot of money for a while.
Now that the jig is up, we're all supposed to pretend that AIG the stodgy, conservative "insurance company" was a victim of "market forces" -- circumstances beyond its control.
It's all a complete farce.