Sen. Richard Shelby-R: Country over Party

What Sen. Shelby said on CNBC “Squawk on the Street” should not have been unusual but it was. In today’s world with our two competing political parties, witnessing Sen. Shelby respond to the problems of AIG by saying two things: A “Market should work itself out” and “No company is too big to fail” is patriotism at its finest. Truly a “Mr. Smith goes to Washington” moment.

The interview with Sen. Shelby came shortly after an interview with AIG (American International Group) founder Hank “There was an old man who lived in a shoe” Greenberg who insisted his vast dominions is a national treasure and should be supported. He wants “an interim bridge loan”.

From what I could gather from the interview, Mr. Greenberg is the one asking the government for the 75B to build his bridge and “No” he has not had talks with the CEO who took over his company since his retirement three years ago. Imagine that. Perhaps his present CEO is too busy going crazy taking care of all his children he thinks should be National Treasures. And then again, maybe he does not agree with the good Mr. Greenberg. Stranger things have happened. (Smile)
As always,
BB
P.S. The interview with Mr. Greenberg was very well done. I don’t know nuffin’ about finances in those circles but I do know a good interview when I see one. Kudos.