This is just a short post on what I see as obvious. A. I. G. is getting all kinds of negative publicity. Yet this is a company that relies on public confidence. Financial advisers, stock brokers and even you and I have a choice where we put our money. When more people decline to put their funds in the hands of A.I.G. executives, the company will naturally lose money.
So while we continually bail out A.I.G., threatening them with lawsuits and dragging the company through the mud only leads to their immanent decline. So Obama is not doing the country a favor by sending them hundreds of millions of dollars, then telling us what a terrible irresponsible company it is.
Obvious isn't it?
Thursday, March 19, 2009
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