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Thread: Proof: You give them an inch, they take a mile.

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    Proof: You give them an inch, they take a mile.

    Former AIG Chief Sues Government Over Bailout

    A company run by the former CEO of American International Group Inc. is suing the government for $25 billion in damages over its taxpayer bailout of the big insurer.
    Talk about biting the hand that feeds ya.
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    Re: Proof: You give them an inch, they take a mile.

    Should have let them fail.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: Proof: You give them an inch, they take a mile.

    Quote Originally Posted by Blue_State View Post
    Should have let them fail.
    All of them too, not just AIG. GM, JP Morgan, BoA, etc.

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    Re: Proof: You give them an inch, they take a mile.

    we simply can't afford "too big to fail" corporations.

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    Re: Proof: You give them an inch, they take a mile.

    There you go. Under Obama's watch. Would it have been any different under the GOP? Heyall NO! Grab a clue, people. Keep voting for the same parties and expecting change is insane. Vote third party.










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    Re: Proof: You give them an inch, they take a mile.

    If it was in the cards they should have failed.

    "The government is not empowered to trample shareholder and property rights even in the midst of a financial emergency,"

    In this he is right though. I hope he wins. The entire TARP deal was a huge fiasco.

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    Re: Proof: You give them an inch, they take a mile.

    From the source:The suits accuse the government of taking valuable assets from AIG's shareholders without their consent or fair compensation, in exchange for the government's 80 percent stake in the company.

    Read more: Former AIG Chief Sues Government Over Bailout | Fox News
    They have a point. Just because the company took a government bail out, doesn't mean that the shareholder gave their constitutional rights.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Proof: You give them an inch, they take a mile.

    Quote Originally Posted by Risky Thicket View Post
    There you go. Under Obama's watch. Would it have been any different under the GOP? Heyall NO! Grab a clue, people. Keep voting for the same parties and expecting change is insane. Vote third party.
    The problem isn't with government bailing out "too big to fail" entities. That is merely a symptom. The problem is the fact that entities are allowed to become "too big to fail" in the first place.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
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    Re: Proof: You give them an inch, they take a mile.

    Quote Originally Posted by StillBallin75 View Post
    The problem isn't with government bailing out "too big to fail" entities. That is merely a symptom. The problem is the fact that entities are allowed to become "too big to fail" in the first place.
    well, i can understand limiting the size and scope of banks... but as an insurance company , i'm not sure how you can legally limit the size they grow to.

    the best limiting mechanism I know of is letting them fail when the sh*t hits the fan.....other than that you are faced with how to decide which metric used ot limit them.
    " you made 10 billion in revenue, you are only allowed 9 billion... time to break you up into little pieces"... nah, that doesn't sound to good to me.

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    Re: Proof: You give them an inch, they take a mile.

    Quote Originally Posted by Thrilla View Post
    well, i can understand limiting the size and scope of banks... but as an insurance company , i'm not sure how you can legally limit the size they grow to.

    the best limiting mechanism I know of is letting them fail when the sh*t hits the fan.....other than that you are faced with how to decide which metric used ot limit them.
    " you made 10 billion in revenue, you are only allowed 9 billion... time to break you up into little pieces"... nah, that doesn't sound to good to me.
    I can actually agree with some of that. I would also propose that Moral hazard is perhaps one reason why some firms become to big to fail.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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