Posted On: November 20, 2008, 8:46 am CST

Posted By: Nick

Another example of good old washington egos getting the best of them. Thanks fellas for pointing out a problem and then telling everyone how your going to fix it.

The problem with AIG and the other companies with toxic debt on the books is that there was poor managment decisions made. The guys who decided to leverage AIG, Citi, Bear Sterns, etc with questionable investments have this mess squarely on their shoulders.

Some Regulation is needed, but these type of articles point to the knee jerk reaction these politicians make. "See, I pointed out the problem and now I'm going to come up with a way to solve it!" is washingtons way of handling things.

Companies that are lining up to get "bailed out" should be pointed right back in the direction of their investment decisions. They made this mess and they need to deal with the consequences. The market needs to contract and failing companies need to fail. It is not the taxpayers place to come to the aid of companies when they have made poor investments. Can you imagine the reaction if taxpayers came to the doorsteps of profitable businesses during a time of need?

We either address this problem now by letting failing companies fail, or we just prolong the process.

Sorry to ramble, but the article stems from the ongoing trends and problems in our Economy today.