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AIG Magically Makes All Its Problems Vanish
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| Contributor | Homegrown Democrat |
| Last Edited | Homegrown Democrat Mar 23, 2009 05:32pm |
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| Category | Blog Entry |
| News Date | Monday, March 23, 2009 05:45:00 PM UTC0:0 |
| Description | 
When historians look back on the collapse of the global financial system in 2008 and 2009, they will find a single culprit. It won’t be the completely asymmetric system of risk and reward that compensated executives and traders handsomely regardless of whether they made or lost billions, nor will it be a 30-year trend in widening inequality between the investment class and people who make money the old-fashioned way (by “working”), nor will it be the demise of the manufacturing sector to the benefit of the financial services sector until we became a nation of bankers selling worthless **** to each other for increasingly laughable amounts of money. No, the dastardly poison in the American heart was one very simple thing: the names of these criminal companies that lost all of our dollars. And once we change their names, the entire system will heal itself. |
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