Tuesday, November 11, 2014

2348 AIG-Wizz

Of all the many manifestations of modern life one seems to keep cropping up more and more frequently. People don't take responsibility for their mistakes anymore. And it's not just a dog ate my homework sort of thing. It's a tendency to point the finger of blame at someone else, when the best use of the finger would be to sit on it and twirl.

It goes back to things like our leaders saying, "Mistakes were made." As if the mistakes had a mind and will of their own and there were no actual people actively making said mistakes.

Or role models like big company AIG. Mistakes were made there. Through greed, corruption and misuse of funds numerous mistakes were made. So in order to prevent a catastrophic collapse of the entire world economy, the government was virtually begged by bankers, Wall Street, and financiers generally to step in and bail them out. They were "too big to fail."

Here's the key, if the government had not jumped in to save AIG with our tax money they would have failed. Been written off the books totally like Bear Stearns and Washington Mutual and other slightly smaller not big enough to not fail companies.

So what would you do if you were AIG now that things are better?  Why, sue the government of course.  AIG says the government cheated investors by taking them over and not giving them billions in loans like they did to smaller companies. That's like a drunk suing a police officer who didn't give him a DUI but instead took control of his car and drove it home for him. 

For every yin there's a yang I guess. Instead of a sense of personal responsibility we now have senseless unmitigated gall. 

America, ya gotta love it. 

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