A.I.G. Lawsuit...The Trampy Pig Turns Into A Black Swan for Uncle Sam?

When Uncle Sam bailed out AIG, I am pretty sure that I was not the only one who thought that it wasn’t anything more than a stealthy way of making whole much of the banking system that would have collapsed without some back door money coming into the vaults.  AIG should have defaulted on its guarantees which should have caused the other dominoes to start falling and the whole fraudulent mess should have collapsed.

A.I.G. is now making waves over the way they were bailed out.

So I ask myself, “Why would Uncle Sam give two shits about the collapse of some banks and an insurance company so much?”  Who gives a rat’s ass?  They would just be replaced by another group of douche bags running an insurance company or bank.  It would be normal Joseph Schumpter “Creative Destruction” at work.  The douche bags running those places got ahead of themselves and deserved to have their asses handed to them by Mr. Market.  Case close.  Next!

Recently I went and saw 0 Dark 30 and it was a movie you had to labor at to get through.  It was not fun to watch but it was like having “ah ha” moments throughout.  When something of note would happen, I would think “Yes, I remember that being in the headlines of newspapers in 2004…or 2006….or 2009, etc.”

You can put lipstick on a pig all you want but it is still a pig.

November 1, 2004

“He said the mujahedeen fighters did the same thing to the Soviet Union in Afghanistan in the 1980s, "using guerrilla warfare and the war of attrition to fight tyrannical superpowers."

"We, alongside the mujahedeen, bled Russia for 10 years until it went bankrupt and was forced to withdraw in defeat," bin Laden said.  He also said al Qaeda has found it "easy for us to provoke and bait this administration."  "All that we have to do is to send two mujahedeen to the furthest point east to raise a piece of cloth on which is written al Qaeda, in order to make generals race there to cause America to suffer human, economic and political losses without their achieving anything of note other than some benefits for their private corporations," bin Laden said.”

Again, why would Uncle Sam intervene in a normal business cycle to the extent that he did in 2008 and thereafter?  Our system is riddled with frauds at ridiculous levels and they are allowed to go on (and even encouraged in some cases) without much opposition.