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 M¢25  Funded By Mahalo ? |  March 02, 2009 03:35 PM

Will $30 billion more in TARP new cash be enough to stop the AIG hemmoraging?

The rescue plan stands at $150 billion with a new $40 billion federal investment. Is it enough?
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pazaq pazaq
 
 March 02, 2009 04:06 PM
I doubt it. I'm not an economist but... I don't think bailing out any of these companies is the answer. If were going to be Capitalists we have to be willing to let bad companies fail. Sure there will be some pain. Some people will lose jobs and homes. If the other option is to make the entire country weaker, then I think we have to take are lumps now as they will be smaller and less painful then saving them up for later.

I believe bailouts only go to making poor company practices. The more of a net you put under them the more likely they are to take stupid risks.
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bbrookin bbrookin
 
March 02, 2009 03:47 PM
I don't believe it will. This is a bad actor that should probably be nationalized to reduce the risk of the taxpayer money that has already been spent being used inappropriately. I'm not keen on nationalization, but taxpayers have spent a substantial amount on this organization already.

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