Barack Obama

Interresting Notion

In a front page diary by DarkSyde he states the following:

Welcome news comrades! We the People are now We the Owners. The People’s Insurance Company, formerly known as AIG, was saved for the time being from the forces of capitalism by the new Union of Republican Socialists, formerly known as the GOP. Somewhere in the great beyond, the ghost of Karl Marx is grinning while the spirit of Adam Smith forks over the one dollar bet with an invisible hand:

In a move aimed at averting a new global economic shock, the US Federal Reserve agreed an unprecedented 85-billion-dollar rescue loan for American International Group. The deal, sealed late Tuesday, saved AIG from collapse and gave the US government a 79.9 percent stake in the insurance behemoth.

Now that the People own a major insurance company, it’s fair to ask how the People’s Insurance Company, along with the People’s Mortgage Companies and the People’s Investment Banks, will benefit the People who Own them. Can we expect lower premiums, equity sharing, and corporate perks for our hundreds of billions of dollars? Should we start checking our mailbox for dividend checks? Who gets paid first, claimants, bondholders, stockholders, or we the new taxpayer owners? We the Owners, want to know, and the Union of Socialist Republicans better damn well tell us, fast.

We the people now own a majority stock in an insurance company.  What will be our dividends?


One thought on “Interresting Notion

  1. Sandra1 says:

    You need to go back and learn about government actions a bit better before leaping to conclusions. You need to look at the actions of one Jimmy Carter, compounded by the further actions of one William Jefferson Clinton who acted upon Mr. Carter’s acts and expanded them while also placing his buddy as head of the Carter-Clinton fiasco known as Fannie Mae and Freddie Mac. This group of Clinton groupies doctored the books because that year-end bottom line gave them the “padded” incentive bonus bucks that yielded in the last year of Knight in addition to his 1 million dollar salary, a 42 million bonus package.

    While you are at it why don’t you pick up a little book called The Bilderburg Group and read it. It is better than anything Stephen King ever thought up and it is all true.

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