China also spending billions to stimulate the economy. But wait...

[NJ5]

Kyros said:
The problem NJ5 is that the whole economy would have gone down the drains if they wouldn't have rescued AIG. Not just the US but the whole world. So they didn't have much of a choice. Anbd its hardly a stimulus package that is increasing bankers wealth.

The shareholders of AIG got nothing. The shareholders of Lehman lost all their money ...

Yes some money will be lost. And they will not get their money back in the short-term. But its hardly stuffing the pockets of bankers and shareholders. In Europe every CEO and board member who takes public money is limited to 500k earnings (still a nice sum but much less than before)

The only ones profiting are the bank owners

If you look at bank equity you will see that bank owners lost more than half their money. They may be profiting from their investment being saved from total destruction (with the exception of Lehman who got nothing) but they make no party and the owners are mostly Retirement funds from everybody. Not some rich guys,

But I agree that they should rescue AIG. I just think that it should be more controlled, and that it should be accompanied with investment in infrastructure which otherwise won't happen in this economic climate. The governments are (so far) successfully stopping economies from total collapse, but that's not enough.

You're right that shareholders are losing a lot, but that's not the case with many bank executives (of course they might also be shareholders, but that's kind of independent). It's a good thing if you're right about that 500k limit in Europe though.

well considering how far their infastructure is compared to ours.... I really think in their case it was a must.

Yes, and in our case too. Otherwise my prediction above will come true and we're all screwed.