We should have let it fail and chop it up into smaller less lethal businesses.

It is horrible about all the bailouts and outrageous corruption. It is even more horrible how they same cast of characters are running the recovery for President Obama.

Nobody indicted but old bumbling Bernie Madoff. But he was just free-lancing, just another hard-working American enterpreneur, a self-made man. Hell, he might get the “Horatio Algier Award.”

AIG?

I think it boils down to old Hank Greenberg getting outmaneuvered by some young turks that led him to leave. Once they ousted him, they flew this huge organization up and up with extremely risky betting on “toxic mortgage assets.”  They provided huge bets in the way of coverage for major international hedge fund traders like the Bass Brothers and George Soros, who were wise to cover their bets on the soaring toxic mortgage assets.

At the moment these “toxic mortgage assets” began to plummet, we had a lame duck President in office and he was determined to get the hell out of Dodge asap. He pitched out the ball to Paulsen and Bernake and stepped away from the crime scene.

The amazing thing to me is that they have all managed to keep pitching out the ball to one then the other and nobody is blame, eh? Just one of those things.

Even the lawmakers, the deregulators, the cop looking the other way, everybody is not to blame. Nobody can be blamed. No better in the crash of the auto industry.

Like the President said, hey man, that is above my pay grade. No great men amongst this flock of turkey buzzards. The just flop around and continue to feed on the big reeking corpse of the decaying economy.

Now the politica puppets are helping the healthcare insurance buzzard protect their share of the corpse.

What does the Fed have to do with this, well, they are very, very influential who survives, that matters.