Long Live "The People's Insurance Company" and Viva "The People's Mortgage Companies and Investment Banks"

This brilliant post on Daily Kos byDarkSyde needed to be revived. So I kept it for Monday so that people can see it again. The point it makes is great because it is simple and true. When our Federal Reserve Bank bought AIG Insurance with our money it became the People's Insurance Company. Similarly when we bought Fannie Mae and Freddi Mack they became the people's. Wouldn't it be nice if they were run with deference to the people they serve rather than the greedy corporate hacks and politicians who want to get rich off of our buck. Long Live the New Union of Socialist Republicans >Welcome news comrades! We the People are now We the Owners. The People's Insurance Company, formerly known as AIG, was saved for the time being from the forces of capitalism by the new Union of Republican Socialists, formerly known as the GOP. Somewhere in the great beyond, the ghost of Karl Marx is grinning while the spirit of Adam Smith forks over the one dollar bet with an invisible hand: In a move aimed at averting a new global economic shock, the US Federal Reserve agreed an unprecedented 85-billion-dollar rescue loan for American International Group. The deal, sealed late Tuesday, saved AIG from collapse and gave the US government a 79.9 percent stake in the insurance behemoth. Now that the People own a major insurance company, it's fair to ask how the People's Insurance Company, along with the People's Mortgage Companies and the People's Investment Banks, will benefit the People who Own them. Can we expect lower premiums, equity sharing, and corporate perks for our hundreds of billions of dollars? Should we start checking our mailbox for dividend checks? Who gets paid first, claimants, bondholders, stockholders, or we the new taxpayer owners? We the Owners, want to know, and the Union of Socialist Republicans better damn well tell us, fast. This is the hypocrisy of Corporate Welfare and the Republican Party. While claiming to be capitalists they work against the market. All of their policies are directed against squashing competition and allow us to be run by a few corporations that fund them. Viva La Revolucion Viva GOP Because it is clear they don't like the Free Market. RSS