To Big To Fail, Not too Big To Sue, Almost.

       Say, whatta ya think of AIG? You know, the insurance/bank that was determined to be too big to fail and so got bailed out with the, so called, TARP Fund. Then they turned around and considered suing the USA for some reason. They later backed off when they found out how mad people were getting. Yeah, that AIG.
        But what about that "Too Big To Fail" thing? How big do you have to be to be too big to fail? So all the biggest banks and insurance companies got money from the Federal Government to insure they didn't fail. Now I agree with the idea of the cost to the nation if these giant financial corporations declared bankruptcy. It would have been a catastrophe.
       But lots of things are too big. I admit I'm over weight. Why wasn't I considered too big to fail. I wouldn't have minded if they had dropped a couple million on me. Except that that idea doesn't go with my thinking that if a company is too big to fail, then it must be too big. And if it's too big, then shouldn't the Government require that the company get split up into smaller companies that aren't too big to fail? I wouldn't have wanted to get split up. Although, as it turned out, that wouldn't have been a worry.
       Look, AIG is still considered too big to fail. Now I know the government put some watered down rules on them. But when it comes right down to it, AIG could easily find itself right back in the same fix or a slightly different fix, and have to have their bacon saved again.
       AIG didn't cause the financial crisis, in fact you could say it was a victim of that crisis. But that doesn't change the fact that while it was in danger of collapsing, the management received the biggest bonuses in the history of AIG. Or that they and the banks they saved from collapse, didn't show the same kind of mercy to the homeowners whose mortgages they held.
       And by the way, weren't all those banks supposed to help home owners who were in trouble with their mortgages because of the crisis? And wasn't the government supposed to do the same? How well did that work out? Don't even talk about it. What I'd like to know is who's responsible for this mess? Oh. You think Washington is to blame? And we don't mean George.