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View Diary: Sen. Elizabeth Warren gives thumbs down to AIG's possible suing of taxpayers for bailing it out (125 comments)

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  •  Should be a real wake-up call... (25+ / 0-)

    ...that the interests of corporations are not the interests of the American people.  "But A.I.G. doesn’t owe loyalty to the government,” a person close to Mr. Greenberg said. “It owes loyalty to its shareholders.”  And now AIG is considering kicking the American people in the teeth for bailing them out.

    What better example could there be of why corporations need to be on a short a leash as possible?  What better example is there of the need for greater governmental oversight and power of the government over corporations?  When a dog turns and starts biting its owner, and the people around it, it gets put down.  The same ought to be true for corporations gone bad.

    The road to Hell is paved with pragmatism.

    by TheOrchid on Tue Jan 08, 2013 at 12:52:49 PM PST

    •  But remember, corporations are people. *ack* (1+ / 0-)
      Recommended by:
      TheOrchid

      "When in doubt, do the brave thing." - Jan Smuts

      by bunnygirl60 on Tue Jan 08, 2013 at 02:35:08 PM PST

      [ Parent ]

    •  Corporations have never been patriots. (1+ / 0-)
      Recommended by:
      TheOrchid

      Their fiduciary responsibility is simple—make money for their investors, period.   The American people have no effing clue when it comes to money.  They'd rather just yell into the wind at whomever some talking head tells them is at fault then learn some basic facts about capitalism, you know, the system we all function in every damn day.

      I'm always amazed when I hear people get all "shocked" and "apalled" when their friend's job was cut or replaced by a younger, cheaper worker.  Or when the global multinational is hoarding profits overseas to avoid paying taxes, or lobbying the government to make the deal sweeter for those who already have everything and screw over the workers.

      Of course, these are usually the same folks who scream socialism when anyone tries to stop any of that from happening.

      As a country, I think Americans understand the least about how their economy and economic system actually works.

      The priest said, "Today's sermon is called 'Liars', but first I have a question. How many of you have read Chapter 66 in Matthew?" Nearly every hand went up. "You're just the group I need to speak to," the priest said. "There's no such chapter."

      by Back In Blue on Tue Jan 08, 2013 at 07:40:40 PM PST

      [ Parent ]

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