The sentiment is fine and the initiatives portrayed in this video are great. But, there is one thing. Just one thing. I believe AIG had a noble purpose. Patriotic even. To save the USA from complete collapse of Wall Street. AIG was insuring the chance Wall Street would ? perhaps ? collapse.
AIG was insuring a bubble. A bubble based completely in the American Dream, home ownership. At any point in time, did the promise to protect the USA from a Wall Street collapse actually seem like a responsibility rather than a sales gimmick?
I would expect. The word was expect. I would expect AIG would see the folly in insuring bubbles and back President Obama in all his economic endeavors in creating a real economy, based in reality, with real values and a solid basis for something actually worth insuring that has a very slim margin of collapse.
That is what I expect from a thankful AIG, every bank that actually blew it and even Morgan to eliminate fraud, waste and corruption for the sake of a quick buck in pharmaceuticals best left out of the market place.
Basically, ethics. The USA, its people and its economy are no longer a toy, but, you all are welcome to invest. You are welcome for the help. It was not as though there was much of a choice now was there?
And to think the most unethical still standing actually complained about interest rates after taking the country hostage.
The USA needs to discern private industry that actually cares about it's economy, people, promises and future.
No more. The USA will insure itself from here on. Thank you, though.
