Newt Gingrich's idea

[flyinfeathers]

Newt Gingrich was a guest speaker in a class given by James Carville.

He said that if a bank is to big to fail then it is to big to manage. He would split up Fannnie, Freddie and AIG.

I tend to agree with this assessment.

What say you?

[Sharpknife]

ORIGINAL: flyinfeathers

Newt Gingrich was a guest speaker in a class given by James Carville.

He said that if a bank is to big to fail then it is to big to manage. He would split up Fannnie, Freddie and AIG.

I tend to agree with this assessment.

What say you?

Completely agree, if one can make a statement it is to big to fail, that is the best arguement for breaking it up ! We all learned as children not to put all of our eggs in one basket.

[falcon]

Gingrich is exactly right. Since the taxpayers own 80 percent of AIG this would be a wonderful time to split up that nest of snakes.

BTW: The AIG bailout is really not a bailout of AIG,. It is a pass through operation to the Wall St. and European investment banks.

[Sharpknife]

ORIGINAL: falcon

Gingrich is exactly right. Since the taxpayers own 80 percent of AIG this would be a wonderful time to split up that nest of snakes.

BTW: The AIG bailout is really not a bailout of AIG,. It is a pass through operation to the Wall St. and European investment banks.

You are right Falcon, AIG insured billions in bad debt made by others and is using the money to payoff those claims. Oh, then there is also that small amount <200 million in retension bonuses !

[nodog]

ORIGINAL: falcon

Gingrich is exactly right. Since the taxpayers own 80 percent of AIG this would be a wonderful time to split up that nest of snakes.

BTW: The AIG bailout is really not a bailout of AIG,. It is a pass through operation to the Wall St. and European investment banks.

How can you be so smart and sensless at the same time, taxpayers don't own anything, the government does. Did the tax payers give them permission to "buy" it? No!

Like a horse in the feed barn, it will eat it's self to death before it will stop feeding. Absolutly no self control and the free market left the door open. Obama is just doing what is natural for him to do, eating as long as there's food.