Hang In There AIG

I'd like to spend a while explaining why I think this is important but I am a bit pushed for time. Suffice it to say that if AIG goes under this week I think the ramifications will be unpredictable. And that is never good (in a financial markets sense). I am not keen to see failed institutions kept afloat for the sake of their size. Nor am I keen to see the socialisation of losses, when profits are so enthusiastically privatized. But most of all I am not keen to see the sudden implosion of our financial system that I feel is threatened. I don't offer that lightly.

I'd also like to take the opportunity to put this on record. Many people of varying importance are saying many different things at this time, and we are listening to all of them. Today John McCain, Republican candidate for the upcoming US Presidential elections said that he felt the US should allow AIG to fail to "avoid moral hazard."

I have heard a lot of crap but I am afraid to say that takes the biscuit. You, sir, are an utter ass. You, or whoever advised you to open your trap, deserves to be absolutely crucified by the Democrats for that statement and I hope it loses you the election.

(the above paragraph has been modified to fit your screen. And early morning sensibilities.)