It seems like the popular talk these days is about the AIG bonuses. In my opinion, had the market been allowed to work without government intervention, this wouldn’t be a topic at all as the contracts stipulating the bonuses would have likely been renegotiated or nullified during a Chapter 11 proceeding. What the effect of AIG going bankrupt would have done to the market is unkown. I’m sure plenty of people will argue and say that it would be more disasterous but really we don’t know. It would be speculation which is the reason I stated “would have likely been” in my statement about the bonuses.
“I think Dodd’s in more trouble than Geithner. I mean, the Treasury encouraged him to do this. Dodd did it and then mounted this incredibly evasive explanation of it in which every single — in his initial explanation, Dodd’s initial explanation, everything he said was literally true and utterly misleading, and then he subsequently came out and said, ‘Yeah, yeah, I did it. The Treasury made me do it.’ Well, wait a minute. If he’d looked at it and thought it was a bad idea, he would have said, ‘I’m sorry, Treasury, I’m not doing it.’ I mean, Treasury doesn’t hold a whip hand over the chairman. He’s one of the barons of Capitol Hill, after all.”
UPDATE: minor grammatical corrections
GorT is an eight-foot-tall robot from the 51ˢᵗ Century who routinely time-travels to steal expensive technology from the future and return it to the past for retroinvention. The profits from this pay all the Gormogons’ bills, including subsidizing this website. Some of the products he has introduced from the future include oven mitts, the Guinness widget, Oxy-Clean, and Dr. Pepper. Due to his immense cybernetic brain, GorT is able to produce a post in 0.023 seconds and research it in even less time. Only ’Puter spends less time on research. GorT speaks entirely in zeros and ones, but occasionally throws in a ڭ to annoy the Volgi. He is a massive proponent of science, technology, and energy development, and enjoys nothing more than taking the Czar’s more interesting scientific theories, going into the past, publishing them as his own, and then returning to take credit for them. He is the only Gormogon who is capable of doing math. Possessed of incredible strength, he understands the awesome responsibility that follows and only uses it to hurt people.