I just saw this on Yahoo News...
FEDS SLASH INTEREST RATES, BUT STOCKS LOSE AGAIN
EXCERPT FROM STORY- "Underlining the seriousness of the situation, the Federal Reserve on Wednesday also agreed to provide faltering insurance giant American International Group Inc. with another loan, $37.8 billion on top of the $85 billion it proffered the troubled company last month."
These guys are paying one of their former employees a $1 MILLION PER MONTH CONSULTING FEE and a bunch of their executives went on a $440,000 spa spree at the St. Regis Resort days after getting the $85 billion. So you penalize AIG by giving them another $37 BILLION ! Getting that extra $37 BILLION is pretty stressful- they better take a week off and go to Disneyland-Paris.....
Any wonder the market investors and taxpayers have no confidence? Where are our representatives in Congress and the Senate?
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