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Y'know, there are certain questions that just never seem to get asked, sometimes because the right people aren't in the right place to ask them and sometimes because no one thinks of them. And when someone does, it's like geezo shit, why didn't *I* think of that.
I'm in the middle of one of my big paying projects, so I don't have a lot of time to spend on this, but it's important enough to me to wrench some moments away from the $$$ machine :rofl:.
At the beginning of Maddow's show tonight, she started with something about the money being thrown at AIG, basically to pay off their gambling debts. Remember, they're the ones everyone else hedged their bets with, leaving AIG to cover everyone else. And when the bets started going against everybody. . . .
But I don't think she ever really had any concept of well, what do we do with them after we bail them out with $150 billions????
Maybe Enron should be the poster child, 'cause when they collapsed. . . . . the world went right on spinning. The booooshies stayed in office, California didn't go into perpetual black-out (though it's now getting closer). the stock market kept bubbling, and the world didn't come to an end. Jeff Skilling went to jail and Andy Fastow went to jail and how many of us even remember the name of the celebrated whistleblower who was one of the three women who shared Time Magazine's designation as person of the year? (Sherron Watkins; I'll save you the googling.)
In essence, AIG agreed to pay off on everybody's bets. They took the losing side on every issue. That's just plain stupid. And in doing so, they rewarded themselves so lavishly the word doesn't do it justice.
And now they want "us" to cover their bets? For what reason?
Nobody ever covered my bets, and I made some pretty stupid ones in my time. BF made a lot more than I, and for all his faults, I'll give him this: he's not lookin' for anyone else to cover his bets either. But both of us have real lives to live after the bets are paid or canceled or whatever.
It's kinda like playing Monopoly: the game ends when one person owns everything and the others have nothing left to play with. Well, the big boys have all the Monopoly money so the game's over. It's time for us to take our shoes and irons and Scotty dogs home to the real world.
The real
Tansy Gold
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