Just Say No to Government Ownership of Business
The government has sold its remaining stock in AIG and is reporting a positive return of $22.7 Bil from the original $182 Bil bailout. Does this represent a success story for the government?
In his latest Wesbury 101, Brian Wesbury, Chief Economist at First Trust Advisors discusses why the government’s role with AIG was not only unnecessary, but made the crises worse when it happened. If not for mark-to-market accounting, AIG could have survived through normal market operations and made the profits that the government is now reporting.
Read more from Brian Wesbury at First Trust