A friend of mine put this article from Rolling Stone up in his blog about the bailout and AIG. While I had read various blogs, heard the talking heads on television, and other print media articles, this put it all in perspective. If anything, it quite possibly made me a tad more religious for I don’t think some of these people will see justice in this life. I have never wanted to own a pitchfork more than any other time in my life, even if I wasn’t using it for its originally created purpose.
The article also served to reverse my position on the bailouts and the incredible amounts of money involved here. Not simply because it is against the very nature of free market capitalism, but that these people deserve to undergo either financial reorganization or bankruptcy. (As my father put it last night, “They should get the haircut they deserve, not the bolstering.”) This would allow the companies to come down in size to the more manageable (read: easier to regulate) levels prior to 1999. It would also send a clear signal that such organization behavior will not be tolerated.
I’m not completely unsympathic to the plight of the people who work or worked for the company who are going to lose their jobs from this financial crisis. Having been let go a couple of times in my jog history, I would hope that this would create the change or innovation I underwent in changing fields. The march of industry will go on, just to a different beat.