Question: should we even let a private company, e.g. AIG, get so big and so vital that if it is in danger of bankrupcy, we have to step in and bail it out by effectively nationalizing it? Isn't that a 'private gain, public loss' philosophy that contradicts the fundamentals of free markets economics? Isn't that what competition between companies is supposed to do?
Also, have you ever looked up information about Hank Greenberg, long-time CEO of AIG on Wikipedia? He was a close confidante of Henry Kissinger, and he followed the foreign policy guru around the world, making economic deals after Kissinger made the political deals. This is the kind of stuff that feeds the conspiracy theories of the John Birchers, who think the CFR and the Rockefellers run the world. (You're not going to believe this, but Hank Greenberg is a leading member of the Council on Foreign Relations, a member of the Rockefeller Foundation, and was chairman of the New York Federal Reserve Bank. Talk about a 'Master of the Universe'!)
Just asking.
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