You got to admit:You are an idiot. People have invested in AIG enough money to buy France. AIG had holdings more than the France GDP.If all that was allowed to go down the drain then what you think will happen to the State of California and NY.All our retirement will be gone. If you believe in Obama,just shut the F@ck Up and let the pros do their job. As for DENN,IT WILL SURVIVE. Some day you will kick yourself for not buying stocks at these levels.You Have balls?
He thinks all those countries that "invest" (nationalize) in their banks are prospering. That's a big joke.
Every other country is having a harder time than the US is right now. Why? Because they socialist states. I know people have come to believe that recessions do not happen anymore, but that is only because of how good capitalism is. Socialist countries live in nothing but a depressions, so there are no good times with which to compare. This is the type of system he wants.
You are right MoneyArtist, he is a complete idiot.
The financial crisis will continue without the restoration of the middle class. The middle-class almost gone from our country and the true capitalism is under attack. Unemployment is high,home foreclosures high, poverty is rising,millions of our citizens without health care and the list goes on... What happened to the REAL CAPITALISM????? I blame our politicians,lobbyists,special interests,etc.
I am not to far away for a meeting,and we can discus further. I am only saying we need to act now,disect these big institutions. Put in salary and bonus caps, re-regulate the laws,the lobbyist removed. Put caps on interest and fees! You are young,start acting more rebelous,not agreeing with these old men,who has put your generation in lifelong debt. Stop name calling,it could be hazardous to your health.
Money artist,why name call? You have an opinion,and so do I. You are brainwashed,like many others. By 60,you should of realized this. AIG,is just a shell,for other institutions to insure there risky investments,they figure they could not lose,with AIG backing. And it seems,they didnt. Look,the so called pros, are only helping corporations,that are in the"banking club",not the taxpayers. Look you are missing one equation, the untold story, when they removed the caps on interest rates,the banks get now(20-30%? pay day loans to the poor 200-300%,all the money was taken out of the economy and went into the financial,and wages became stagnet for decades. Try to be more humble,before you pass,old man-