Governments have always been very ineffective in running businesses. So the latest ramification from an AIG executive is not surprising:
http://www.nytimes.com/2009/03/25/opinion/25desantis.html
The above website is a new op-ed page from the NEW YORK TIMES. It is from Mr. DeSantis who is publicly resigning his executive position from AIG because of all the hoopla. He said he is already working 10,12,14 hour days for $1 this year and feels betrayed by the CEO of AIG and the state and federal governments because he had nothing ever to do with the credit default swaps that destroyed the insurance company.
This is my truism: "When governments enters business, business ends"
I think trying to have it both ways everyone loses. Either the government must completely take over these businesses or regulate them or leave them alone. Trying to do it any other way is just too half assed to work for anyone or any group!
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