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Originally Posted by Daradon
Whoa whoa, you're saying the public has no reason to be mad at AIG as a company? As a whole? And the it's the governments fault for the backlash?
Yeah a lot of the stuff happening is extreme and uncalled for, and all employees can't be painted with the same brush. But shoot, people from all walks of life get death threats from idiots and don't deserve them. Sports stars, journalists, doctors. Idiots protest and threaten all sorts of people. And the hatred was there far before the bailout.
The financial industry with it's bad business practices, greed, and general arrogance has brought this on it's employees far more than any other factor.
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Did AIG screw over joe taxpayer by all their speculators and sub prime mortgage purchases? Sure. Should the public be mad as hell at them? Absolutely. But what they did wasn't illegal....it was allowed according to the system in place at the time. Pretty sure this is what Obama was talking about last night in his address; changing the system. I'm skeptical on that one though, because he's talking about regulating the financial industry, which RUNS the US economy. I'm not sure capitalist America is going to accept rules and regulations on making money.
Right now I'm kinda blaming the past government letting these jokers operate in the manner they did, and the current one for their patchwork bailouts that so far don't seem to be doing f-all except cost taxpayers A LOT of money.