I think it is funny, now that the Fed is flushing another $85,000,000,000 (85 Billion) down the crapper, to say AIG is too big to fail. "Too big to fail". What does that mean exactly. Because, you know, when our government spends $85,000,000,000 dollars it doesn't have of our money - well it seems we have a right to ask that question? You know - who is not too big to fail? Americans. Americans can fail all they want.
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Big ass corporations who made the same stupid mistakes as people are "too big to fail". 9, 500 family being foreclosed a day are not too big to fail. But corporations who made exactly the same mistake and paid out multiple millions of dollars to CEO's who are now disgraced, they are too big to fail.
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I agree that I don't want to pay for some schmuk that made stupid mistakes - and now might lose his house. But if I grant you that, at least grant me that you don't want to pay for some stupid ass schmuk company that did exactly the same thing!
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Hey, at an average of $200,000 a house, that $85,000,000,000.00 could flat out BUY 425,000 American families a home. Pick them at random out of phone books. I'ld rather the government spend my $85,000,000,000 that way. What, I don't have $85,000,000,000 to spend? Guess what, neither does the federal government!
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Speaking of CEO's buggin me today; Carly Fiorina was making the rounds of TV talk shows and was talking about corporate responsibility and payouts. Background information they might not give you... in 2005 she received $21 Million (that's $21,000,000,000.00) to be fired. And today HP layed off 20,000+ people. Who probably won't be able to make their house payments. And, probably, are NOT "too big to fail". So I kind of think Carly Fiorina should shut up.
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More fun with math... If HP didn't have to pay Carly Fiorina $21,000,000.00 to fire her, then they could have purchased homes for 105 American Families! And we probably wouldn't have to listen to her on TV!
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see.. win win.