Comments on: US Government: Shareholder and Creditor of AIG

By: cb

cb — Tue, 29 Sep 2009 03:43:49 +0000

That’s it, Marilyn. What else can/should one do?
Unless, of course, one is ???brave/foolish??? enough to believe in a revolution.

By: Marilyn Goss

Marilyn Goss — Sat, 26 Sep 2009 04:53:53 +0000

This is a really interesting and informative article that is thought provoking. There seems to be pretty much nothing that the ordinary hard-working, politically interested person can do but be aware and handle their own finances to the best of their ability.

By: etch

etch — Wed, 23 Sep 2009 10:05:13 +0000

“”The Italian corporative state aimed in general at reduced consumption in the interest of militarization”"”

which lead to war ,, ,,oh great stuff

By: cb

cb — Tue, 22 Sep 2009 06:27:03 +0000

In my books, this treatment misses the essence of what AIG is, and what purpose it has served. May I suggest:
AIG is where GS and JPM have been planting their favourite little financial derivatives time bombs, or should we call them sleeper bombs, that they explode at will, if and when, it suits them and need taxpayer wealth transfer when their schemes and scams blow up in their faces and face wipeout.
Now, if you take this as your starting point, you might start getting closer to the way things actually work.

By: Danny

Danny — Tue, 22 Sep 2009 05:30:23 +0000

“I don’t know what you’d call it. I suppose it could fall under the banner of ‘Corporatism.’”

It’s called Fascism, actually (or the corporatisation of government):
def; economic system inaugurated by the Fascist regime of Benito Mussolini in Italy. It was adapted in modified form under other European dictatorships, among them Adolf Hitler’s National Socialist regime in Germany and the Spanish regime of Francisco Franco. Although the Italian system was based upon unlimited government control of economic life, it still preserved the framework of capitalism. Legislation of 1926 and later years set up 22 guilds, or associations, of employees and employers to administer various sectors of the national economy. These were represented in the national council of corporations. The corporations were generally weighted by the state in favor of the wealthy classes, and they served to combat socialism and syndicalism by absorbing the trade union movement. The Italian corporative state aimed in general at reduced consumption in the interest of militarization