Saturday, January 9, 2010

AIG (American Insurance Group) Mystery Simplified

It all started with Regan trickle economy, deregulation, and Greenspan "free market" adventure. The so called entrepreneurs were encouraged to take risk free risk by doing any thing (foolish or other wise) and make money. And money they made. It was all insured by insurance industry in particular, you guessed it right, by AIG. When the "free market" system the so called crashed, the republican administration bailed out the AIG, and the AIG bailed out the "free market" entrepreneurs. The end of story.

Now, the free marketeers like Goldman Sachs are rich from the AIG bail out money, and out they go to  play the so called "free market" game. Any question.

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