Another big bail out by the Fed

Well it seems that the Fed isn't done using my tax payer money to bail out companies in private industry. Now its AIG that needs some help and another $85 Billion of tax payer money in order to make sure it doesn't fail. This is starting to get a little crazy. My tax money is to improve infrastructure and pay for projects that make the country a little better than it was yesterday, not to keep failing companies from going bankrupt. Like I said earlier, let them fail. Granted its a sad thing to see people lose their job but the government should not be in private industry, regulate it sure but not actually own and liquidate stuff while risking the money I pay in taxes.

I'm hoping that AIG gets dismantled quickly so that my money will be safe. I'm fine with the Lehman solution but if this continues we're going to be in deep doo doo. If the financial markets need to take a nose dive, maybe its for the best to do the correction and start fresh with some new regulation to ensure this doesn't happen again (i.e. 1929 crash). OK thats it for my rant, time to create some new blog entries about other stuff.