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1) Banks through risky investments get in trouble and almost go out of business.
2) The federal government steps in and loans them tax payer money so they don’t go into bankruptcy.
3) Banks raise the interest rates on credit cards for the American tax payers.
4) Banks stop lending to the American tax payers unless they don’t really need the money.
5) Through this brilliant strategy they now show a profit.
6) Let the bonuses flow.

The American tax payer got screwed twice; once when the bail out funds were handed over to the banks and the second time when the interest rates were raised to usury levels. Did Jamie Dimon of JP Morgan really earn $16 million in bonuses? Thank God it wasn’t paid in cash.

Perhaps it is time to rebel against the American aristocracy?

American International Group Inc. received a $180 billion federal rescue at the height of the financial crisis in late 2008. AIG still owes the US government $120.7 billion of the bailout fund it received. Its financial products division, was the unit whose egregious risk taking helped force the company to the brink of bankruptcy and trigger the largest corporate bailout in U.S. history. The U.S. government received an 80 percent stake in AIG in exchange for the bailout..

These same geniuses are to receive bonus payments totaling $100 million. AIG has said it needs to fairly compensate its employees in its financial products division in order to sell off assets and repay taxpayers in full.

This one is a no-brainer!
fact: The US government owns 80 percent of AIG.
fact: AIG’s financial products division’s egregious risk taking in derivatives contracts is responsible for the current situation.
Fact: AIG management shares in this responsibility.

Solution: Terminate AIG management and all employees of its financial products division responsible for derivative contracts. Appointment temporary management tasking with dissolving AIG and recovering as much of our investment as feasible.

I believe it was Frank Zappa who said, “I have never wanted to be another nationality, but sometimes I wish I wasn’t an American.”

That great American spectacle ,the Superbowl, is this Sunday. I am not a football fan. but if it floats your boat go for it. What irks me is the advertisers spending 200 million dollars to convince us to buy their products. I would be more likely to make a purchase if they did something constructive with the money. Maybe sponsor a school or adopt a community. But that’s just me, enjoy the Superbowl.