Comments on: Federal Government Plays Superman, Puffs Out Chest and Swears to Save the Country http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/ tax news, tax info and tax policy Wed, 07 Jan 2009 08:28:19 +0000 http://wordpress.org/?v=2.7 hourly 1 By: SKIP MCQUAID http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-7577 SKIP MCQUAID Tue, 25 Nov 2008 02:59:54 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-7577 Yes, AIG is a big insurer. Yes, a lot of folks would lose their jobs if AIG went under - as they would if GM, Ford, Chrysler, and on and on and on went under. And more mortgages would be defaulted on. As well as car loans, credit card debts, personal loans, etc. But the world would survive. The sun would come up the next morning. And a dollar might just be worth a dollar (or a yen a yen or a pound a pound or whatever). But that is the capatalistic dream and as tax girl said, don't you believe for one single minute that we are a captalistic society....no more then we are a democracy (without a disclaimer such as "representative". And I doubt that anyone ever will be....but it would be kinda nice to see what would happen. Social problems would be voluntarily solved and I think they would be. Infrastructure would be built voluntarily and I think it would be. But, maybe fortunately, I will never find out. Skip McQuaid Yes, AIG is a big insurer. Yes, a lot of folks would lose their jobs if AIG went under - as they would if GM, Ford, Chrysler, and on and on and on went under. And more mortgages would be defaulted on. As well as car loans, credit card debts, personal loans, etc. But the world would survive. The sun would come up the next morning. And a dollar might just be worth a dollar (or a yen a yen or a pound a pound or whatever). But that is the capatalistic dream and as tax girl said, don’t you believe for one single minute that we are a captalistic society….no more then we are a democracy (without a disclaimer such as “representative”. And I doubt that anyone ever will be….but it would be kinda nice to see what would happen. Social problems would be voluntarily solved and I think they would be. Infrastructure would be built voluntarily and I think it would be. But, maybe fortunately, I will never find out.

Skip McQuaid

]]> By: Rael White http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-7576 Rael White Tue, 25 Nov 2008 01:06:41 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-7576 I agree with Kristen where is the Accountablility, but now with the bail out of Citigroup or special backing, or what ever you want to call it, won't all other banks have to ask for special backing to stay competitive or to do any business. sounds like they are giving Citigroup a monopoly or at least a advantage. I agree with Kristen where is the Accountablility, but now with the bail out of Citigroup or special backing, or what ever you want to call it, won’t all other banks have to ask for special backing to stay competitive or to do any business. sounds like they are giving Citigroup a monopoly or at least a advantage.

]]> By: AIG Sues IRS for Enormous Refund | taxgirl http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-7421 AIG Sues IRS for Enormous Refund | taxgirl Sat, 15 Nov 2008 13:15:01 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-7421 [...] Don’t worry about those poor AIG execs scrambling to find coins under the sofa cushions. We’re buying, [...] [...] Don’t worry about those poor AIG execs scrambling to find coins under the sofa cushions. We’re buying, [...]

]]> By: YoYoVip » Coming in for a Landing: What the Heck is a Golden Parachute? http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-6923 YoYoVip » Coming in for a Landing: What the Heck is a Golden Parachute? Thu, 23 Oct 2008 22:01:27 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-6923 [...] they rarely include a requirement that the executive perform well in order to be compensated (see AIG, Bear Stearns, [...] [...] they rarely include a requirement that the executive perform well in order to be compensated (see AIG, Bear Stearns, [...]

]]> By: Coming in for a Landing: What the Heck is a Golden Parachute? | taxgirl http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-6605 Coming in for a Landing: What the Heck is a Golden Parachute? | taxgirl Mon, 06 Oct 2008 18:55:23 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-6605 [...] they rarely include a requirement that the executive perform well in order to be compensated (see AIG, Bear Stearns, [...] [...] they rarely include a requirement that the executive perform well in order to be compensated (see AIG, Bear Stearns, [...]

]]> By: Stacia E. http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-4482 Stacia E. Thu, 25 Sep 2008 21:16:25 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-4482 It sounds like they are taking a "hard-money" loan from the government that tax payers will have to pay after some of these same tax-payers have lost their own homes and businesses. Some people lost homes because of poor plamming etc., but some lost homes out of illness, death of spouse, or family tragedy(disability etc). These people are to repay this loan to "fix" the woes of this entity in the private business sector. I agree with Kelly, we don't want a repeat of 1929, but what up with accountability and what about the Americans that have had tough times(not just overspending). There are widows, widowers, and simply hard-working families that are seemingly to have to pay for this. Its a little hard to swallow. It sounds like they are taking a “hard-money” loan from the government that tax payers will have to pay after some of these same tax-payers have lost their own homes and businesses.

Some people lost homes because of poor plamming etc., but some lost homes out of illness, death of spouse, or family tragedy(disability etc). These people are to repay this loan to “fix” the woes of this entity in the private business sector.

I agree with Kelly, we don’t want a repeat of 1929, but what up with accountability and what about the Americans that have had tough times(not just overspending).

There are widows, widowers, and simply hard-working families that are seemingly to have to pay for this. Its a little hard to swallow.

]]> By: Passing the week. . . | taxguy http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-4483 Passing the week. . . | taxguy Sun, 21 Sep 2008 12:06:20 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-4483 [...]             So have you heard about the Fed buying up/bailing out AIG? (check above, 4th paragraph) for a bit more detail and a lot more fun with make sure to check out TAXGIRLs post Federal Government Plays Superman, Puffs Out Chest and Swears to Save the Country. [...] [...]             So have you heard about the Fed buying up/bailing out AIG? (check above, 4th paragraph) for a bit more detail and a lot more fun with make sure to check out TAXGIRLs post Federal Government Plays Superman, Puffs Out Chest and Swears to Save the Country. [...]

]]> By: Paulson Believes Taxpayers Will Benefit From Bail Outs, Also Promises Significant Weight Loss and Clear Skin http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-4484 Paulson Believes Taxpayers Will Benefit From Bail Outs, Also Promises Significant Weight Loss and Clear Skin Fri, 19 Sep 2008 19:33:44 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-4484 [...] How much will this deal cost? Senator Richard Shelby (R-AL) who is the ranking member on the Senate Banking Committee has tossed around a figure of $500 billion. If that turns out to be true, that will bring the total bailout to date to $1.3 trillion (considering $800 million already earmarked). [...] [...] How much will this deal cost? Senator Richard Shelby (R-AL) who is the ranking member on the Senate Banking Committee has tossed around a figure of $500 billion. If that turns out to be true, that will bring the total bailout to date to $1.3 trillion (considering $800 million already earmarked). [...]

]]> By: Who Is the “Government” Anyway? http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-4485 Who Is the “Government” Anyway? Fri, 19 Sep 2008 12:05:38 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-4485 [...] light of the recent government bailouts of several high profile companies, some pundits are rushing to attempt to correct the idea that taxpayers are paying the tab. Some [...] [...] light of the recent government bailouts of several high profile companies, some pundits are rushing to attempt to correct the idea that taxpayers are paying the tab. Some [...]

]]> By: Lehman Brothers, AIG, and the Wall Street “Mess” - What other b5media business bloggers are saying | money news blog http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/comment-page-1/#comment-4486 Lehman Brothers, AIG, and the Wall Street “Mess” - What other b5media business bloggers are saying | money news blog Thu, 18 Sep 2008 21:36:38 +0000 http://www.taxgirl.com/federal-government-plays-superman-puffs-out-chest-and-swears-to-save-the-country/#comment-4486 [...] over at TaxGirl, gives her view on the AIG Buyout and she repors on what candidates Obama and McCain have to state about the [...] [...] over at TaxGirl, gives her view on the AIG Buyout and she repors on what candidates Obama and McCain have to state about the [...]

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