It's funny, I have 3 Time magazines on the table here at work. One cover has Obama, one cover has McCain and one cover has Palin. No Biden. If nothing else, the McCain/Palin clan certainly are getting their names out.
is this the right place for policy discussion too?
AIG was bailed out, despite not being under direct regulatory control, because it was deemed to big to fail, and its failure would have caused fallout economy-wide.
what else is too big to fail? should there be controls in place to prevent firms becoming "too big to fail" in the first place? doesn't letting them become massive gorillas that must be saved by the government put them in a position where they may be as irresponsible as they like?
i'm not specifically saying that AIG in particular was irresponsible, there were a lot of factors, but why give any firm the option?