I agree. That was probably the best write-up I've read about the situation- and it gives me some clarity & hope that AIG might still have some viability left.
Originally Posted by jimzinsocal
I think it depends on how ruthlessly they deal with the jacka$$es that got them here and how soon they can have the leadership and resolve to stop begging the government to be bailed out every other month.
It almost sounds like there is a core group just below the top with skill that deserves better and should be cut away from the rest.
"We say in our platform that we believe that the right to coin money and issue money is a function of government....
Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business."
William Jennings Bryan.