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	<title>Comments on: AIG Crisis Is Hitting Close to Home</title>
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	<description>Personal Finance. Investing. Wealth Building.</description>
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		<title>By: Julie</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17495</link>
		<dc:creator>Julie</dc:creator>
		<pubDate>Mon, 22 Sep 2008 17:54:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17495</guid>
		<description>Jerry - I agree with you about green lending being the next big thing in finance. Part of me wonders whether these rocky times are really just a reflection of the transition, and are actually a good thing. The old model seems limited in scope, financially, as it relies upon resources that are not renewable. ShoreBank is an interesting company, if you look into the history of the bank you&#039;ll see that it&#039;s true that they&#039;ve been doing green finance since their inception in 1973.</description>
		<content:encoded><![CDATA[<p>Jerry &#8211; I agree with you about green lending being the next big thing in finance. Part of me wonders whether these rocky times are really just a reflection of the transition, and are actually a good thing. The old model seems limited in scope, financially, as it relies upon resources that are not renewable. ShoreBank is an interesting company, if you look into the history of the bank you&#8217;ll see that it&#8217;s true that they&#8217;ve been doing green finance since their inception in 1973.</p>
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		<title>By: Pinyo</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17489</link>
		<dc:creator>Pinyo</dc:creator>
		<pubDate>Mon, 22 Sep 2008 15:34:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17489</guid>
		<description>@Patrick -- Yep, this does smell like a socialist thing to do.

@Flippy -- I am speechless.</description>
		<content:encoded><![CDATA[<p>@Patrick &#8212; Yep, this does smell like a socialist thing to do.</p>
<p>@Flippy &#8212; I am speechless.</p>
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		<title>By: flippy</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17488</link>
		<dc:creator>flippy</dc:creator>
		<pubDate>Mon, 22 Sep 2008 14:09:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17488</guid>
		<description>I absolutely hate the bullshit that Congress is doing. Bailing out the airline pensions, then Fannie and Freddie, then Bear Stearns, finally AIG. I believe people should become violent, and simply terrorize the ones responsible. American patriots of old did this all the time. If this is not your cup of tea, do to a lack of cajones, then allow me to lend you some passive actions you can take.

Like David Letterman, here is my top ten list.

1. Convert your money to another currency. Owning U.S. money is like owning stock. If the U.S. is full of shit, then change toilet paper brands. The massive deflation of printing funny money to AIG is only going to weaken your dollar. A two dollar loaf of bread will become four or more. Change your money to buy bread in the future. Push to remove penalties and charges for changing U.S. dollars into other monies or standards like gold.

2. Write your congressman. Find their damn home number and call them at all hours of the night. Break apart the lobby system. Find out who is lobbying, and screwing up your life and never purchase from them again. Tell all of your friends to do the same.

3. Try to set up a system where the people&#039;s vote usurps Congressional power like in state governments. We the people can amend amendments all the time at the state level. How many signatures does it take to undo the Congressional approval of AIG. How about removing the requirment that we have to buy insurances like those for our cars.

4. Remember this day, and engrain it in your mind. Never, ever invest in the stockmarket or America again. Allow the stock market to truly crash so that even the government cannot bail out the bullshit. Last time I checked people learn best through pain and suffering. Nationalize and government control things like energy, health care, and above all insurances. Use your head. You do not need to go overboard, and all we need is cheap basic standardized policies. For example, if people want million dollar transplants that will prolong a short period of life, then let them buy the expensive insurance. You will always be covered for being mangled in a car accident. Trust me, this would be cheap, and not even equal funding like socialized countries like Canada.

5. Act quickly because the world is poised to screw over us American&#039;s, and they will soon be flooding us will all of our worthless dollars. Prepare for the Sith invasion.

6. Fix the Glass-Steagall act A.S.A.P. This repeal allowed banks to mix hedge funds with commercial or simply risk markets with solid investments. Banks never go under in any economy if their simply commercial. Of course they don&#039;t make great profits either. The great depressions taught us this lesson and set the Glass-Steagall act up. The republicans, and the democrats for that matter overturned this wise approach in 1999.

7. The entire republican party has to be destroyed politically because they are the worst, and you need to watch the democrats and any new formation of parties until you can transition to a truly independent party. Simply choose someone off of the street. These people could not do as much damage as party politics.

8. Do not forget to break apart the monopolistic system. 50 separate entities should be a good number. Microsoft is the only operating system for P.C. break the sucker up. Boeing and a few other national security and airline groups need to be broken up as well. Auto industries should be cracked to pieces. Banks should really be broken up and not be able to centralize over state boundaries like we had before. The Time Warner media giant that went untouched in its merger needs to fall. Smaller companies like Dentsply that control most tooth implantation are wrong. Do your part and ask where your money is going and support the smaller businesses until we get a congress that breaks up monopolies.

9. Make every aspect of what we pay for in the government open to the public. Finances, time, etc. need to be available at the click of a mouse, and there is always someone bored enough to check their records.

10. If all else fails, leave the country. Many people on these blog sites will tout you to just get the hell out. Leave the ignorant behind, and take your skilled labor elsewhere. When they cart America off to the auction block, you can come back and buy all that you lost.</description>
		<content:encoded><![CDATA[<p>I absolutely hate the bullshit that Congress is doing. Bailing out the airline pensions, then Fannie and Freddie, then Bear Stearns, finally AIG. I believe people should become violent, and simply terrorize the ones responsible. American patriots of old did this all the time. If this is not your cup of tea, do to a lack of cajones, then allow me to lend you some passive actions you can take.</p>
<p>Like David Letterman, here is my top ten list.</p>
<p>1. Convert your money to another currency. Owning U.S. money is like owning stock. If the U.S. is full of shit, then change toilet paper brands. The massive deflation of printing funny money to AIG is only going to weaken your dollar. A two dollar loaf of bread will become four or more. Change your money to buy bread in the future. Push to remove penalties and charges for changing U.S. dollars into other monies or standards like gold.</p>
<p>2. Write your congressman. Find their damn home number and call them at all hours of the night. Break apart the lobby system. Find out who is lobbying, and screwing up your life and never purchase from them again. Tell all of your friends to do the same.</p>
<p>3. Try to set up a system where the people&#8217;s vote usurps Congressional power like in state governments. We the people can amend amendments all the time at the state level. How many signatures does it take to undo the Congressional approval of AIG. How about removing the requirment that we have to buy insurances like those for our cars.</p>
<p>4. Remember this day, and engrain it in your mind. Never, ever invest in the stockmarket or America again. Allow the stock market to truly crash so that even the government cannot bail out the bullshit. Last time I checked people learn best through pain and suffering. Nationalize and government control things like energy, health care, and above all insurances. Use your head. You do not need to go overboard, and all we need is cheap basic standardized policies. For example, if people want million dollar transplants that will prolong a short period of life, then let them buy the expensive insurance. You will always be covered for being mangled in a car accident. Trust me, this would be cheap, and not even equal funding like socialized countries like Canada.</p>
<p>5. Act quickly because the world is poised to screw over us American&#8217;s, and they will soon be flooding us will all of our worthless dollars. Prepare for the Sith invasion.</p>
<p>6. Fix the Glass-Steagall act A.S.A.P. This repeal allowed banks to mix hedge funds with commercial or simply risk markets with solid investments. Banks never go under in any economy if their simply commercial. Of course they don&#8217;t make great profits either. The great depressions taught us this lesson and set the Glass-Steagall act up. The republicans, and the democrats for that matter overturned this wise approach in 1999.</p>
<p>7. The entire republican party has to be destroyed politically because they are the worst, and you need to watch the democrats and any new formation of parties until you can transition to a truly independent party. Simply choose someone off of the street. These people could not do as much damage as party politics.</p>
<p>8. Do not forget to break apart the monopolistic system. 50 separate entities should be a good number. Microsoft is the only operating system for P.C. break the sucker up. Boeing and a few other national security and airline groups need to be broken up as well. Auto industries should be cracked to pieces. Banks should really be broken up and not be able to centralize over state boundaries like we had before. The Time Warner media giant that went untouched in its merger needs to fall. Smaller companies like Dentsply that control most tooth implantation are wrong. Do your part and ask where your money is going and support the smaller businesses until we get a congress that breaks up monopolies.</p>
<p>9. Make every aspect of what we pay for in the government open to the public. Finances, time, etc. need to be available at the click of a mouse, and there is always someone bored enough to check their records.</p>
<p>10. If all else fails, leave the country. Many people on these blog sites will tout you to just get the hell out. Leave the ignorant behind, and take your skilled labor elsewhere. When they cart America off to the auction block, you can come back and buy all that you lost.</p>
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		<title>By: patrick r</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17454</link>
		<dc:creator>patrick r</dc:creator>
		<pubDate>Fri, 19 Sep 2008 23:07:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17454</guid>
		<description>it&#039;s hard to object to the government&#039;s mass bailouts since similar debt-producing methods were put into action to bring the U.S. out of the Depression; maybe we&#039;ve had a heart for socialism all along...</description>
		<content:encoded><![CDATA[<p>it&#8217;s hard to object to the government&#8217;s mass bailouts since similar debt-producing methods were put into action to bring the U.S. out of the Depression; maybe we&#8217;ve had a heart for socialism all along&#8230;</p>
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		<title>By: Roxanne</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17440</link>
		<dc:creator>Roxanne</dc:creator>
		<pubDate>Fri, 19 Sep 2008 12:26:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17440</guid>
		<description>Tough economic times for sure. Hitting close to home for me as well - my son works for a company who&#039;s main client is Lehman Brothers. We&#039;re waiting to see how it pans out.</description>
		<content:encoded><![CDATA[<p>Tough economic times for sure. Hitting close to home for me as well &#8211; my son works for a company who&#8217;s main client is Lehman Brothers. We&#8217;re waiting to see how it pans out.</p>
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		<title>By: Pinyo</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17438</link>
		<dc:creator>Pinyo</dc:creator>
		<pubDate>Fri, 19 Sep 2008 12:14:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17438</guid>
		<description>@J -- Excellent point. I can completely agree with your point!

@Julie -- Thank you Juile. I think they&#039;ll be fine for now.</description>
		<content:encoded><![CDATA[<p>@J &#8212; Excellent point. I can completely agree with your point!</p>
<p>@Julie &#8212; Thank you Juile. I think they&#8217;ll be fine for now.</p>
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	<item>
		<title>By: Jerry</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17435</link>
		<dc:creator>Jerry</dc:creator>
		<pubDate>Fri, 19 Sep 2008 11:46:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17435</guid>
		<description>In response to Julie, ShoreBank sounds like an interesting company. I think you&#039;re right, though, regarding your bank&#039;s sustainability (no pun intended) in this uncertain economic climate may just be due to its commitment to the environment and green lending. I think it&#039;s the next huge thing in finance. More and more people are looking for companies that care about these things. More and more folks know that being green our insurance for the future. I hope the downturn does not lead to more and more crises.</description>
		<content:encoded><![CDATA[<p>In response to Julie, ShoreBank sounds like an interesting company. I think you&#8217;re right, though, regarding your bank&#8217;s sustainability (no pun intended) in this uncertain economic climate may just be due to its commitment to the environment and green lending. I think it&#8217;s the next huge thing in finance. More and more people are looking for companies that care about these things. More and more folks know that being green our insurance for the future. I hope the downturn does not lead to more and more crises.</p>
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		<title>By: Julie</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17430</link>
		<dc:creator>Julie</dc:creator>
		<pubDate>Thu, 18 Sep 2008 22:37:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17430</guid>
		<description>I feel for the families affected by this crisis. I hope that everyone finds a job! I am lucky to work with ShoreBank - I think it&#039;s the bank&#039;s commitment to the environment and green lending, the community, and social responsibility that makes it so successful.</description>
		<content:encoded><![CDATA[<p>I feel for the families affected by this crisis. I hope that everyone finds a job! I am lucky to work with ShoreBank &#8211; I think it&#8217;s the bank&#8217;s commitment to the environment and green lending, the community, and social responsibility that makes it so successful.</p>
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	<item>
		<title>By: J</title>
		<link>http://www.moolanomy.com/858/aig-crisis-is-hitting-close-to-home/#comment-17426</link>
		<dc:creator>J</dc:creator>
		<pubDate>Thu, 18 Sep 2008 19:05:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.moolanomy.com/?p=858#comment-17426</guid>
		<description>If it is decided that government intervention on the part of these private companies is a necessity in the &quot;bad&quot; times, then it is time for these companies to start forking over a bigger part of the profits in &quot;good&quot; times to the government to form a separate pool of money to be used as a &quot;rainy day fund&quot;.

I&#039;m a staunch free-market capitalist, but this policy of &quot;privatizing the profits, and socializing the risks&quot; must end!</description>
		<content:encoded><![CDATA[<p>If it is decided that government intervention on the part of these private companies is a necessity in the &#8220;bad&#8221; times, then it is time for these companies to start forking over a bigger part of the profits in &#8220;good&#8221; times to the government to form a separate pool of money to be used as a &#8220;rainy day fund&#8221;.</p>
<p>I&#8217;m a staunch free-market capitalist, but this policy of &#8220;privatizing the profits, and socializing the risks&#8221; must end!</p>
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