AIG failing...should I get out?

[JRScott]

Hmmmm....whatever happened to "letting the market correct itself" and "we need less regulation"? Guess the big business boys are finally getting a taste of the outcome of their own incredibly short-sighted financial manipulations to make obscene profits.

Remember back to the Reaganomic's 1980s "trickle down" economic theory saying that if rich people make more money, the money will trickle down to the rest of us? Well, the rich sure made a lot more money, but now that's reversed to become "trickle up" with the rich guys losing their riches right and left. They should be suffering as much as the rest of us in the middle class. But no, our government is bailing them out with our tax dollars. Just doesn't seem right. Nobody bailed *us* out - we had to bail ourselves out by filing bankruptcy with 7-10 years of consequences dragging along behind us.

The Politicians are to afraid to let the big ones fail because they have their own wallets in them. Sad but true.

I wish we hadn't bailed anyone out. Let it go through the normal liquidation process and basically folks still would have had mortgages paid to someone though not Freddie and Fannie, we'd still have had banks (though I admit some may have lost money, FDIC insurance is suppose to be only 100k, its clearly written on every account opened, yet they are buying out even more for the banks), and if the Insurance company had failed, others would have stepped in.

The politicians are trying to keep the American people from seeing the real mess they've made. However these bailouts are only short term solutions because the underlying reasons for them are largely still unchanged. You and me will foot the bill, while these companies still lobby with tens of millions to even billions of dollars the politicians that are bailing them out. In the long term our money is weaker for the bail outs and our economy is weaker. Politicians don't like to think long term, they only think to the next election.