AIG and the Interloping Relative

| | Comments (0) |

Life in the bailout era is like two forks in the road. One leads to a dung heap and the other to the city dump. It's the lesser of two evils, the old pick your poison syndrome.

And so it is with AIG whose executives behaved like the drunken relative who loses his job again then shows up at your place in search of food and a place to lodge. You can't turn him out because he might end up in a worse predicament, and you once attended Sunday school, so you decide to help out.

Had Congress not bailed out that drunkard of a relative, AIG, then the stock market would have taken an even bigger plunge and pandemonium would have set in, but now that the deed is done and they are in our houses and pocket books, the question is where do we go from here?

The answer is more governmental control and laws that make sense because even a fifth grader would know the answer to the following question: "If a gardener earning twenty-thousand dollars a year has a mortgage of five thousand dollars a month, how long will it be before he winds up in the street?" But no one bothered asking, and here we are now.

Unlike the relative fighting in an expensive war with a beginning, middle and end, this old boy culture has been going on since Dickens' time, if not before, so the only remedy is to hold some kind of government version of rehab with rules and regulations, and that doesn't mean giving any extra spending money to anyone who can't straighten up and fly right.

Leave a comment

Friendly Fire comments

Due to the huge amount of spam, commenters on Friendly Fire must now register with the site and sign in to leave a comment.

Creating a Movable Type commenting account is easy: After you click on the "comments" link in a blog post (or are already in an individual blog entry), click "sign in." When you are at the Movable Type "sign-in to comment" screen, after the words "Not a member?" click "Sign up!"

You will be asked for a minimal amount of information, including an e-mail address, which we need to verify the account.

If you sign up and for some reason don't get a return e-mail confirming your new account, please e-mail Steven Rosenberg at steven.rosenberg@
dailynews.com, and he will activate your account and notify you. He can also help you with any other issues regarding signing up for or leaving comments on the blog.

Tip: To ensure that you receive the confirmation e-mail when you do sign up to comment on the blog, BEFORE you sign up, put the e-mail address online@langnews.com in your mail program's address book. That way, the message from the server to confirm your account won't get lost in your spam file.

About this Entry

This page contains a single entry by Gail-Tzipporah Saunders published on March 18, 2009 8:39 PM.

Bonehead Bonuses at AIG was the previous entry in this blog.

A balancing act on AIG and the economy is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Recent Comments

Powered by Movable Type 4.25

Advertisement

Other blogs

Manning On Kiffin in Inside USC with Scott Wolf
Video Issues in Inside UCLA with Jon Gold
HS FOOT: Simi Valley has a solid building block in Jeters in Daily News High School Spotlight
The Buddha & the Manhattan Mosque in Friendly Fire
An SI photo montage of Scully in Farther Off the Wall