AAL3:
In currency news on drudgereport today...
BEIJING TO PITCH NEW GLOBAL CURRENCY; DUMP DOLLAR...
FLASHBACK: Kremlin to Pitch New Currency...
NBC's the Office FLASHBACK: Would be regional manager pitches the ShruteBuck motivational tool.
Parable Explained....
So my story about Barney Frank and AIG in my previous post (click here) is designed to make a few points.
1) Barney Frank and the left are absolute moron's. This outrage is so phony over the bonuses, when congress wasn't even supposed to read the bill that passed the bailout in the first place. Furthermore, the amount of the bailout is over 1000 times that of these bonuses, yet every time anyone questioned the wisdom of this plan they were told to "Give Obama a chance."
2) AIG should just give all the money back and go bankrupt. It's either them or the government at this point with this adminstration. The Obama administration keeps proposing $1 Trillion ($1,000,000,000,000) bailouts at the rate of one every few months. What happened here is a cautionary tale to all private buisess that accepting bailouts doesn't mean free money. The price is your soul for socialism, as the Obama adminstration has made it perfectly clear they're going to tell you how much you can people, where you can go on retreats, and how to manage your buisness (even though almost no members of congress have been succesful in the private sector themselves to ANY extent).
Locally Wells Fargo and TCF are starting to get this and they're having second thoughts about signing on to the bailout. They are saying they were strongarmed, but still they should've had the sense to say no.
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