AIG bailout=$170 Billion, Small Business bailout=$15 Billion - Huh?

ksoze

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Tue Mar-17-09 09:00 AM
Original message

AIG bailout=$170 Billion, Small Business bailout=$15 Billion - Huh?

So small business which employs 75% of the workforce gets a $15B package and AIG has gotten over 10 times that because they are so important to the economy. My economics is not that good, but is something wrong here?

How about those small business bonuses - many small biz owners do not pay themselves so they can keep the doors open and employees in the workforce.

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MarjorieG

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Tue Mar-17-09 09:23 AM
Response to Original message

1. Interesting Truthout about $50 trillion credit default swaps leveraged over our heads.

How do we take care of this world-wide trigger, and put regular business back to work?

"The CDS market has an approximate value of 50 trillion dollars worldwide. Critics charge that this massive, complicated and extremely murky market continues to hover over the heads of the global financial system like the blade of a guillotine with the banks holding the executioners rope, daring the government to stop funding their bailouts."

Also makes a good case for taking over that part of AIG and looking into fraud.
http://www.truthout.org/031709J

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terisan

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Tue Mar-17-09 11:30 AM
Response to Reply #1

3. I think fraud investigations are the way to go. nt

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jonestonesusa

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Tue Mar-17-09 10:34 AM
Response to Original message

2. I hear you 100%

We need a small business Marshall Plan that has reach all over the country - not just in our financial centers.

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terisan

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Tue Mar-17-09 11:31 AM
Response to Original message

4. We need investment in small business and even micro-loans nt

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