Well the Feds are now in the insurance business. We are bailing out AIG. Naturally the price of oil goes up again today. This whole thing amazes me. The idea that if you are big enough and screw up bad enough some one will save you is now the new motto on Wall Street. Too bad Lehman Brothers you weren't big enough to get help.
Her is the real issue . YOU CANNOT DEREGULATE THES GUYS as others have suggested. Why ? Because when they screw up you and I are called on to bail them out. If you deregulate then you have to let them go under. It appears no one in Washington is willing to take that step. So then you have to regulate them so they cannot hurt us the way they have. These guys caused this mess. Let them go!! Corporate Welfare you gotta love it !!
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