I had an old accountant tell me that . . .”7 cents is a lot if you only have 5 cents”. . . That is to say a trillion dollars in assets that are “otherwise encumbered” does not make AIG any bigger than a drop-shipper on e-bay. The rest of the world (and AIG writes in 130 countries) has not made a peep. . .why? Because the big “tit” of the world is stupid enough to jump in and drown in this pool of red ink.
This is going to get even uglier before we see any daylight. We can’t “print paper” our way out of this one. We have to let capitalism work or we will only have socialism left. Ain’t good.
We are on a slippery slope toward Socialism. I expect Wells Fargo or some other huge mortgage company to be the next financial giant to go under and then get bailed out by the Fed. Let’s see, if Wells Fargo goes under and the Fed saves them, do I then start making my mortgage payment to the Fed? What a frightening idea, the government owns all the land and houses and the next thing you know, they are giving me a bowl of rice per day for my 12 hours of hard work, and telling me how lucky I should be that the government provides me with a place to live.
Does anyone remember this Chicago agency named “Near North”? I’m wondering where the owner might be now? If anyone knows, your information would be very helpful!! (Ha,Ha)
i see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the Country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war- abraham lincoln.
a good friend e-mailed that quote to me, thought it was worth sharing with you all.
Mongoose …I may be a peon agent, but I am an agency owner, and more importantly, I am an individual that believes in the American Dream and way of life. Far too many folks have been brainwashed to believe that there are some things that are “too big” for the little people to overcome.
Isn’t that nice that we have a few benevolent babysitters to watch over us? Golly Gee, thanks.
In case you didn’t know it, that’s how Socialism breeds. That’s how dictators seize power. And, anyone that doesn’t believe that our government is spinning out of control and heading for just such a scenario, simply must not have “put a little bit of thought” (yeah, I covered your “b”) into what the real ramifications are for the American way of life.
Nobody ever said it was EASY to be FREE. But good men and women suffered tremendously and died so that we could be just that. Maybe you should pull your nose out of the balance sheets just once in a while and study a little history. Is this the best that your frat-boy education could allow?
As a side note, I do not believe that the government is intentionally heading towards Socialism, but I absolutely believe the Hank Greenberg’s and George Soros’ of the world ARE manipulating our increasingly ignorant elected officials that mainly have their eyes focused on winning thier next election. So easily misguided, and manipulated to the point when one of those bozo mega-business types can step in and “save” us from the “enormity of the situation”, they happily accept thier “insight”.
Our Treasury Department head, Henry Paulson, who was not elected, but appointed, is just that type. Look where he came from. The doofus that appointed him (who I am increasingly regretting my vote for him), has probably been beguiled by Paulson’s ability to grasp the “enormity” of such a situation, and beguiled by his flowery words and “wisdom”. But that snake is changing the American landscape for the worse, and the chickes are going to come home to roost eventually. We’re just prining more money to give a facade of stability, and the longer that happens, the higher we keep climbing the paper ladder, the harder and more crushing the fall.
I would like to ask a question, Mr. Mongoose. Why is the government purchasing a stake in the business that has such enormous control over our entire society. This is more than a simple bailout. Does that give you even a little pause??? It doesn’t concern you that a potential Big Brother has control of such a vital piece of our enormous economy?
One more question. The Reinsurance market is open, correct? Why is it automatically assumed that if AIG vacated their position, that nobody would be interested in competing (and even, breaking up into smaller more manageable pieces) for the business. Yes, most certainly, it would mean some increased prices. But, unless I’m so stupid that I can’t figure out such enormity, the reason AIG is in financial trouble is because they didn’t make enough money. Right?
Finally, let me offer this observation and prediction. If the Gov-mint contols the mortgage business and now the financial services business …and, if they soon take over the healthcare industry, what is left before an individual, or small group of people will have such enormous control over everything that their power can NOT be stopped? That, folks, is where we are headed if somebody doesn’t inject some common sence into the American Public and pressure is placed on our elected officials to get back to the business that’s authorized in the Constitution, and nothing more.
I don’t see that happening, though. We are increasingly becoming a people that feed at the public trough. Sheep, waiting for our slaughter for the feasts of the kings in charge of the “enormous”.
I could go on and on. But, I have some non-enormous work for which to attend (spoken with my finest highbrow, snob voice and my pinky extended from the handle of my dainty tea cup, freshly filled from my Sterling Grande Baroque Tea Set, purchased from a quaint little shoppe – where the “e” in shoppe means we can handle the “enormity” of situations that the er…commonfolk cannot.
A chemistry professor in a large college had some
exchange students in the class. One day while the class was in the lab the Professor noticed one young man (exchange student) who kept rubbing his back, and stretching as if his back hurt.
The professor asked the young man what was the matter. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country’s government and install a new communist government.
In the midst of his story he looked at the professor and asked a strange question. He asked, ‘Do you know how to catch wild pigs?’
The professor thought it was a joke and asked for the punch line. The young man said this was no joke. ‘You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come everyday to eat the free corn. When they are used to coming every day, you put a
fence down one side of the place where they are used to coming.
When they get used to the fence, they begin to eat the corn again and you put up another side of the fence. They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in The last side. The pigs, who are used to the free corn, start to come through the gate to eat, you slam the gate on them and catch the whole herd.
Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.
The young man then told the professor that is exactly what he sees happening to America. The government keeps pushing us toward socialism and keeps spreading the free corn out in programs such as supplemental income, tax credit for unearned income, tobacco subsidies, dairy subsidies, payments not to plant crops (CRP), welfare, medicine, drugs, etc.. While we
continually lose our freedoms — just a little at a time.
One should always remember: There is no such thing as a free lunch! Also, a politician will never provide a service for you cheaper than you can do it yourself.
Also, if you see that all of this wonderful government
‘help’ is a problem confronting the future of democracy in America, you might want to send this on to your friends. If you think the free ride is essential to your way of life then you will probably delete this email, but God help you when the gate “slams shut”
In this ‘very important’ election year, listen closely to
what the candidates are promising you !!
Just maybe you will be able to tell who is about to slam the gate on America.
‘A government big enough to give you everything you want, is big enough to take away everything you have.’ – Thomas Jefferson
A few astute comments have been made about the current situation, adding that they regret voting for Bush. Im glad people are starting to wake up. But it may be too late.
We tried to warn you. You should have smelled the coffee when they came out with the patriot act if you were really concerned about your freedom.
Im all for Republican principles, but your elected official don’t live up to them, so why bother? Why believe the lies? You have to vote third party.
Thanks Mongoose for having a brain and USING it. Mark, Eddie, 2lanelover – do you kids even work in insurance? Do you even understand the implications if AIG were to go bankrupt? You sound like retarded children fighting over a toy. Not a big fan of AIG (ex-ee) but to not have this bailout would have most likely destroyed the US economy and affected many other countries. Take off your blinders people.
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I had an old accountant tell me that . . .”7 cents is a lot if you only have 5 cents”. . . That is to say a trillion dollars in assets that are “otherwise encumbered” does not make AIG any bigger than a drop-shipper on e-bay. The rest of the world (and AIG writes in 130 countries) has not made a peep. . .why? Because the big “tit” of the world is stupid enough to jump in and drown in this pool of red ink.
This is going to get even uglier before we see any daylight. We can’t “print paper” our way out of this one. We have to let capitalism work or we will only have socialism left. Ain’t good.
We are on a slippery slope toward Socialism. I expect Wells Fargo or some other huge mortgage company to be the next financial giant to go under and then get bailed out by the Fed. Let’s see, if Wells Fargo goes under and the Fed saves them, do I then start making my mortgage payment to the Fed? What a frightening idea, the government owns all the land and houses and the next thing you know, they are giving me a bowl of rice per day for my 12 hours of hard work, and telling me how lucky I should be that the government provides me with a place to live.
Does anyone remember this Chicago agency named “Near North”? I’m wondering where the owner might be now? If anyone knows, your information would be very helpful!! (Ha,Ha)
i see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the Country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war- abraham lincoln.
a good friend e-mailed that quote to me, thought it was worth sharing with you all.
Mongoose …I may be a peon agent, but I am an agency owner, and more importantly, I am an individual that believes in the American Dream and way of life. Far too many folks have been brainwashed to believe that there are some things that are “too big” for the little people to overcome.
Isn’t that nice that we have a few benevolent babysitters to watch over us? Golly Gee, thanks.
In case you didn’t know it, that’s how Socialism breeds. That’s how dictators seize power. And, anyone that doesn’t believe that our government is spinning out of control and heading for just such a scenario, simply must not have “put a little bit of thought” (yeah, I covered your “b”) into what the real ramifications are for the American way of life.
Nobody ever said it was EASY to be FREE. But good men and women suffered tremendously and died so that we could be just that. Maybe you should pull your nose out of the balance sheets just once in a while and study a little history. Is this the best that your frat-boy education could allow?
As a side note, I do not believe that the government is intentionally heading towards Socialism, but I absolutely believe the Hank Greenberg’s and George Soros’ of the world ARE manipulating our increasingly ignorant elected officials that mainly have their eyes focused on winning thier next election. So easily misguided, and manipulated to the point when one of those bozo mega-business types can step in and “save” us from the “enormity of the situation”, they happily accept thier “insight”.
Our Treasury Department head, Henry Paulson, who was not elected, but appointed, is just that type. Look where he came from. The doofus that appointed him (who I am increasingly regretting my vote for him), has probably been beguiled by Paulson’s ability to grasp the “enormity” of such a situation, and beguiled by his flowery words and “wisdom”. But that snake is changing the American landscape for the worse, and the chickes are going to come home to roost eventually. We’re just prining more money to give a facade of stability, and the longer that happens, the higher we keep climbing the paper ladder, the harder and more crushing the fall.
I would like to ask a question, Mr. Mongoose. Why is the government purchasing a stake in the business that has such enormous control over our entire society. This is more than a simple bailout. Does that give you even a little pause??? It doesn’t concern you that a potential Big Brother has control of such a vital piece of our enormous economy?
One more question. The Reinsurance market is open, correct? Why is it automatically assumed that if AIG vacated their position, that nobody would be interested in competing (and even, breaking up into smaller more manageable pieces) for the business. Yes, most certainly, it would mean some increased prices. But, unless I’m so stupid that I can’t figure out such enormity, the reason AIG is in financial trouble is because they didn’t make enough money. Right?
Finally, let me offer this observation and prediction. If the Gov-mint contols the mortgage business and now the financial services business …and, if they soon take over the healthcare industry, what is left before an individual, or small group of people will have such enormous control over everything that their power can NOT be stopped? That, folks, is where we are headed if somebody doesn’t inject some common sence into the American Public and pressure is placed on our elected officials to get back to the business that’s authorized in the Constitution, and nothing more.
I don’t see that happening, though. We are increasingly becoming a people that feed at the public trough. Sheep, waiting for our slaughter for the feasts of the kings in charge of the “enormous”.
I could go on and on. But, I have some non-enormous work for which to attend (spoken with my finest highbrow, snob voice and my pinky extended from the handle of my dainty tea cup, freshly filled from my Sterling Grande Baroque Tea Set, purchased from a quaint little shoppe – where the “e” in shoppe means we can handle the “enormity” of situations that the er…commonfolk cannot.
Good day, sir,
anyone remember the primaries and Ron Paul warning us about the Fed?
Thanks, Mr. McCain. A Blue Ribbon Commission is just the thing to help us navigate these troubled waters.
Anyone hear lately from the 9-11 Commission?
Catching Wild Pigs
A chemistry professor in a large college had some
exchange students in the class. One day while the class was in the lab the Professor noticed one young man (exchange student) who kept rubbing his back, and stretching as if his back hurt.
The professor asked the young man what was the matter. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country’s government and install a new communist government.
In the midst of his story he looked at the professor and asked a strange question. He asked, ‘Do you know how to catch wild pigs?’
The professor thought it was a joke and asked for the punch line. The young man said this was no joke. ‘You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come everyday to eat the free corn. When they are used to coming every day, you put a
fence down one side of the place where they are used to coming.
When they get used to the fence, they begin to eat the corn again and you put up another side of the fence. They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in The last side. The pigs, who are used to the free corn, start to come through the gate to eat, you slam the gate on them and catch the whole herd.
Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.
The young man then told the professor that is exactly what he sees happening to America. The government keeps pushing us toward socialism and keeps spreading the free corn out in programs such as supplemental income, tax credit for unearned income, tobacco subsidies, dairy subsidies, payments not to plant crops (CRP), welfare, medicine, drugs, etc.. While we
continually lose our freedoms — just a little at a time.
One should always remember: There is no such thing as a free lunch! Also, a politician will never provide a service for you cheaper than you can do it yourself.
Also, if you see that all of this wonderful government
‘help’ is a problem confronting the future of democracy in America, you might want to send this on to your friends. If you think the free ride is essential to your way of life then you will probably delete this email, but God help you when the gate “slams shut”
In this ‘very important’ election year, listen closely to
what the candidates are promising you !!
Just maybe you will be able to tell who is about to slam the gate on America.
‘A government big enough to give you everything you want, is big enough to take away everything you have.’ – Thomas Jefferson
A few astute comments have been made about the current situation, adding that they regret voting for Bush. Im glad people are starting to wake up. But it may be too late.
We tried to warn you. You should have smelled the coffee when they came out with the patriot act if you were really concerned about your freedom.
Im all for Republican principles, but your elected official don’t live up to them, so why bother? Why believe the lies? You have to vote third party.
Thanks Mongoose for having a brain and USING it. Mark, Eddie, 2lanelover – do you kids even work in insurance? Do you even understand the implications if AIG were to go bankrupt? You sound like retarded children fighting over a toy. Not a big fan of AIG (ex-ee) but to not have this bailout would have most likely destroyed the US economy and affected many other countries. Take off your blinders people.