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Congratulations bagholders (yet again)

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February 23, 2009 – Comments (1)

In addition to getting hosed on Citigroup this week, you get to pump yet more money into otherwise insolvent AIG. Remember, it's for your own good.

1 Comments – Post Your Own

#1) On February 23, 2009 at 5:48 PM, ikkyu2 (99.26) wrote:

I am beginning to feel gold-bug stirrings, same as I did circa 1982 when I was cutting my teeth on understanding the economy.

I mean, intellectually I know that the money is just what the man in the suit says it is, no more, no less; but when we have this amount of pain "by fiat," well, that's an awful lot of pain.

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