Monday, March 16, 2009

U.S. Congress & AIG


Since the Federal Government has taken a controlling stake [80% ownership] they should talk less and take action on their investment. Talk is cheap. These elected representatives talk like they have no responsibility. They [we] own 80% of the firm. They [Congressional reps] ARE the board of directors. Management works for them.

Board of Directors... tell management how you want things done. This grand standing is dumb. You have power and control. Stop pretending you don’t.

Would taking action hurt your reelection prospects?

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