I don’t see how you got that from my post. I said it is the government’s responsibility to cover depositors. That would be cash depositors of banks and not customers of companies like AIG unless I missed something and they became a bank holding company like GS.
If the government would have never bailed out AIG we would be much further through the imminent depression and deflationary credit collapse by now. The major pain has not been taken yet and when .gov can no longer prop up the system we will see much worse than we’ve seen so far in this declining economy.
