Posted on Sep 27th, 2008
by
Cain
Well, I was reading a bunch of post debate articles and blogs and thinking about the "financial crisis" today...
In that vein there's areally good NYT article at:
http://www.nytimes.com/2008/09/28/business/28melt.html?_r=1&hp&oref=sloginLooks like AIG "couldn't fail" because It would have taken Goldman Sachs with it... It raises the question, was Henry Paulson playing favorites? It's Ok for Lehman Brothers go down, but not his "Alma Matter"? And is seems to me there were much better ways of salvaging AIG, Its acknowledged in the article the majority of its Insurance business was sound, the meltdown happened in a Small sub-unit in London... Did we REALLY have to spend $85 billion? I don't think so... It could easily have been carved up and the "performing assets" sold off... But that would'nt have helped Goldman Sachs... who helped engineer the London Unit derivatives... Hmmm....
Also I was looking to stir up a little "conversation" on a Republican blog by asking why It's OK to bail out the financial markets eg socializing them... But If we try to fix health-care by possibly socializing some aspects of it (check out
http://mitpress.mit.edu/catalog/item/default.asp?ttype=2&tid=11380) , most Republicans act as if that is EVIIILLL incarnate.
Anyway I never found a good forum to post my question in, but google did turn this up as the #8 site for the search "Republican blog" ...
http://www.shelleytherepublican.com/I don't know about you but it gives me the "heebie jeebies" I think more of the "undecided" swing voters should "swing" by the site... I think it may "swing their vote" away from any "republican"... maybe not, but I would hope so.
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