Tuesday, September 16, 2008

A bad dream in slow motion

Is this really happening? According to news reports, the Feds have essentially taken ownership of A.I.G., the nation's largest insurance company, in return for $85 billion of you-know-who's money. I'm sure the U.S. government will run a much tighter ship over there, since they have such a great track record of fiscal responsibility.

To sum up: Uncle Sam Big Brother cornered the market on mortgages last week, and is now the largest player in insurance. Viva la Revolucion!

1 comment:

Dan said...

God help us

Our country is falling into the abyss of socialism. Things here will never be the same.

Interesting how they gave taxpayers a stimulus check to boost the economy and now we and generations to come will have to pay even more in taxes for all these bailouts. Very very sad indeed.