God damnit, another freakin' bailout. This time of AIG. I was hoping that once LHM was allowed to fail, there'd be no more bailouts. I love how when things are good, everyone of the financial pinheads spout off about less gov't regulation, the better. But once they shit their bed, they go to the gov't and get their handouts. Seems like it's a free market till they are in trouble, then it's corporate socialism. Welcome to the USSCA comrades (see attached)! Seriously, let the IBanks and other garbage fail, and let the well run companies come in and take over.
Why the hell should US Taxpayers take on the garbage that's AIG? Mortgages (F/F) I kinda understand (but really, really hate) since it was a gov't entity before, but insurance? Fuck that. There's a reason why well run companies want no part of AIG.
Sorry if this rant is OT from the mess in Texas and the other stuff.
OT: re: Tesla: First adoptors pay for the R&D, that's the way it's always been. So the next Tesla car I believe is supposed to be a Sedan and more in line with a luxury car (ie, ~40k). If that sells well, they'll probably get bought by GM and then start mass producing affordable cars. This is all assuming that the next president does something to help upgrade the Electrical Distribution infrastructure. Without that upgrade, I don't know how the grid will be able to handle all these electric cars and plug-in hybrids. AFAIK, the problems from the 2005 blackout have not been fixed.
Download Attachment: [img]icon_paperclip.gif[/img] dowfed090808.zip
65.11KB