AIG...

March 23 2009
Ok so we recently "bailed out" a company called AIG. Now some of you may feel different about this but here are my opinions. Well first off we should not have done that because now the US government owns 80% of their company in stocks and well in an economy where the government owns a company that is called communism. So well that is what we have become and it did not start with AIG. It started with the whole Freddy May and Fanny Mack...or whoever you know what I mean. Then GM and others. We have ceased to be and exist as a Free Market Economy. We should have let AIG and the others work it out. We have seen in the past that the economy goes ups and downs it has natural ressions and such. A company that is this large and any company that exists should have expected this and prepared for it. Our government should do no such thing to help companies that can only blame theirselves for poor planning. In the economy concerning businesses large and small, we should let the strong survive and the weak die. That is the best way to stay strong. Oh one more thing. The whole AIG giving million dollar bonuses to their top guys well that was in contract with the people they paid if AIG had not done that then they could have been suid for millions more. And AIG sent a request letter out to everyone asking that they pay it back but only by choice. Tell me what you think.

Michael Burton

May 18 2009
Well, realistically, bailing out AIG wasn't to benefit AIG. the whole point was that AIG is the company that underwrote the sub-prime mortgage market, basically meaning that if AIG went under, millions of people would have lost their homes. The point wasn't to buy AIG so the company would be OK, it was to prevent millions of homeless appearing overnight. And you may be wrong about the bonuses - I was under the impression that the word itself implied that it wasn't promised, it was just a random reward for doing well - but even if they were under contract, in the fine print of almost every employment application, contany other paper people sign, there is usually a disclaimer stating that the Company has a right to change certain parameters with or without notice, mainly so that if something were to come up like this, the company isn't legally vulnerable if they can't afford to pay extra.

Michael Burton

May 18 2009
Also - man, get a facebook. You'll reach more people.