AIG is going back for seconds. Last September George Bush nationalized AIG with $150 billion of tax payer money. We already own 80% of AIG but they want more. This makes no sense. Let it fail. There is no reason to keep pumping money into a failed business. And I say this as someone who has mutual funds managed by AIG. I've already lost about 60% of my portfolio. So I should be all for another bailout right? Wrong. I'll move my funds and I'll make adjustments. That's what investors/planners do. You don't just keep throwing money into a pit hoping that buying up worthless debt will solve the problem. No more bailouts. This is getting insane.Tags: AIG, Socialism, Bailout
