Kasz216 said:
SciFiBoy said:
Kasz216 said:
SciFiBoy said:
Kasz216 said:
Jo21 said:
AIG lost 61 BILLION dollars in a quarter last year.
they are using BAILOUT Money to give High rank executives million dollar bonuses over around 170 million!!! |
So the government should be more careful with their money next time... before handing it out without preconditions?
What the government is doing right now is basically blackmail. I'd be surprised if it even would hold up legally.
A special tax specifically for one company with the directly stated goal of being for said company... i mean really?
What's next a tax specifically targeting fast food restruants named Burgerking etc.
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idealy the government should regulate the entire financial sector...
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It's not like countries with regulated financial sectors are doing much better. People like to blame the world financial crisis on the US, but there were warning signs everywhere that this was going to happen.
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obviously they werent tough enough regulations, in the UK we have the FSA but it had little or no actual power until the crisis began, now its getting more power - http://news.bbc.co.uk/1/hi/business/7948791.stm
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Here's the problem. For regulation to work. Polticians have to be willing to allow downcycles.
It's arrogant and stupid to think you can have nonstop growth. There will always be a bit of a fall back after growth.
However politicians are nervous such downcycles will lose them elections... so they will do everything they can to build up the same problems, so long as it keeps them their jobs in the short term.
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well duh, anyone who thinks that the economy will allways grow is incredibly dumb, regulations will limit the risk of any downcylce though, so people probably wont even notice much change
