Quote:
Originally Posted by Azure
All those companies you listed? Despite very bad business practices, the government calls them 'to big to fail' and as a result, the taxpayer is paying for their mistakes.
The whole idea of a free market is based around smaller, more efficient companies stepping up to take over when the big greedy ones fall apart because of their own mistakes.
AIG has sucked how many billions from the US taxpayer? And how many billions more are they going to keep asking for?
And guess what? The government keeps giving it to them.
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You're making my point for me. With AIG that is 5 huge companies alone that I wouldn't trust. Feel free to group all the healthcare insurers and their denials of claims and never ending search for pre-existing conditions here to get back to the topic at hand. Those medical and insurance firms have been the cause of bankruptcy and neglect while taking in record profits as premiums go up to nearly unaffordable levels. The status quo in the US always will be and has been an unsustainable system despite cries of socialism.
If you trust these types of companies over the government, you're picking your own poison. In all the decades this despairity has existed I haven't seen on any level government intervention or smaller firms step up to replace this void on a large scale until now.