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View Diary: A.I.G. May Sue U.S. Gov’t For $25 Billion As It Airs “Thank You, America!” TV Ad (205 comments)

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  •  whether bailouts like AIG are constitutional (1+ / 0-)
    Recommended by:
    bobswern

    is a legitimate question to be brought before the court. Whether the government taking a share of ownership in a company constitutes a taking covered by the Fifth Amendment seems to me an important question.

    I would say there's a legitimate argument that it is a taking and I often wish diarists on this site would spend more time dealing with the arguments and less time stirring up outrage. The election's over and this particular issue is a dead horse at this point.

    It's the role of the court to determine what the government can do under the constitution rather than to determine what the government should do or what is right.

    •  Well, if this was the case... (0+ / 0-)
      ...It's the role of the court to determine what the government can do under the constitution rather than to determine what the government should do or what is right...
      ...then there'd be little need for political activism! We should all just go out and hire lawyers! (LOL!)

      But, I understand from whereof you speak. Interesting point-of-view!

      "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

      by bobswern on Tue Jan 08, 2013 at 05:44:31 AM PST

      [ Parent ]

    •  it's not a taking (0+ / 0-)

      when you're buying from a willing seller.

      "The Taibbi article is a defense of status quo" -- citizen k

      by happymisanthropy on Tue Jan 08, 2013 at 03:56:51 PM PST

      [ Parent ]

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