Explained well uco. Did you read that Rolling Stone link that was posted awhile back on AIG? Sorry to trip the thread up. Anyways like I said, you explained it well.
I didn’t read the Rolling Stones link, do you have a copy of the link or know where it was? I have just been paying attention to where the money is going, ignoring the politics(which I consider a distraction like the games in the Roman Colosseum). I always try to explain my position, particularly when there is a lot of anger floating around.
People want these big bloated institutions to fail, in a kind of taxpayer revenge feeling. Unfortunately many don’t realize that if they have a pension, health insurance, retirement investments in stock funds.. that taking down some of these big institutions may also take down their own future. Screw around with credit.. or make banks not want to loan.. investors to buy bonds and there may go people’s jobs. This whole credit problem has to be unwound carefully.
