April 16, 2014

News Roundup – U.S. Economy Continues to Tank, AIG, Stock Market, WaMu, Who’s Next?

Market Drops 450 more points today despite Bridge Loan to Nowhere

O.k – before I roll out the clips, one bit of personal opinion. Two questions. If the Fed’s $85 billion infusion of our money into AIG also means that “we” the taxpayers own 80 percent of the insurer, when can I expect my shares? Second, how many conservative, wild west, 100% free marketers are breathing a sigh of relief tonight that the government is saving one of their sacred institutions? Hypocrites. Is it time to let the market take out the trash in the financial markets? Only if we reasonably regulate to ensure we’re not here again in 15 or 20 years. Isn’t it just great how the so-called ‘Country First’ patriots of the Republican Party have presided over the darkest days for the U.S. economy since the 1920s and 30s …

Comments

  1. Francis says:

    While the Treasury Dept. is busy writing bailout checks, do you think we could get another economic stimulus check?

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