I May Be A Complete Idiot But I've Never Lost $645 Million Every Day For An Entire Quarter

I have bought low and sold lower. I have bought high and sold low. I never have bought low and sold high and frankly, if I did the shock would probably kill me. I have built businesses, blown up businesses, learned from failure and still hope to learn from success. However, one thing I've never done is lose $645,000,000 a day every day for an entire quarter. Which is exactly what the so-called 'executives' at AIG have just managed to do. After receiving $80 billion in our money and then another $150 billion in our money, they have just reported their 4th quarter earnings. AIG LOSES $60 BILLION IN A QUARTER Well, thank god we gave them the money because otherwise, well, it could have been really bad. $60 billion a quarter breaks down to about $645 million a day or $26 million an hour, $433,000 a minute. Figure that this takes you a little over 2 minutes to read and those geniuses have lost another million dollars. Enough. Seriously, President Obama, enough. Let the market do its dirty work and kill off these idiots. There is no possible reason, other than sheer incompetence, that any business can lose this kind of money. Here is one thought from The London Times about how AIG ended up here. AIG became one of the biggest losers of the credit crunch last summer after bad bets linked to the sub-prime housing market brought it to its knees. Bad bets. Not sure why we are running with $235 billion dollars of tax payer money to cover 'bad bets.' Imagine if every 2 minutes, we gave $1,000,000 to a new start up company (I have one going right now where we are looking for funding.) 30 times an hour all day every day for a quarter, we'd fund new companies with $1,000,000 checks. Every day, hundreds of new businesses would be launched. And the taxpayer owns a chunk of each and every company. This would spawn a new generation of companies, green companies, service companies, people that are figuring out how to invent, innovate and move our country forward. "Now is the time to act boldly and wisely," President Obama said. What could be wiser than having the government empower a new generation of businessmen and women? What could be bolder than saying? No, we will not fund failure but we will fund success.