First lookie here!

I tried to tell people. I did. I really tried. I posted here on this famous website of 7 readers (I think they all write for it too) about the direction the good old USA is going. I mentioned it back when Freddie Mac and Fannie Mae were “bailed out” by the government – meaning the government used our tax dollars to take over the two largest companies on the planet. I spoke about how your tax dollars are being used to prop up two failing companies that are were destroyed by greedy Executives and ill planning. I mentioned how things are going downhill. Did anyone take the warning? DID THEY?!?!?

So now we have several failed banks, including the potential downfall of Washington Mutual, which last I heard nobody is going to bail out. It doesn’t stop with banks or lenders folks – oh no – now we have one of the largest insurance companies on the Earth going belly up. What kills me here is that the USA is using our tax dollars, yet again, to bail out yet another company, and this one isn’t a bank. What I mean here is that AIG doesn’t store customers’ money in the way a bank does. So why then bail them out?

79.9% stake folks, that is why. The USA is taking 79.9% of the company. What does that mean to the shareholders who have stock in AIG? Well it means their shares won’t disintigrate, which would happen if the company folded, however they will lose a ridiculous amount of value. Furhtermore it means that yet another massive company is in effect being nationalized.

Nationalization of corporations has happened several times in the world’s history -  most important of which? Nazi Germany. Congrats folks.