Showering money on broken institutions when trust has been altogether lost, results in a mere exercise in futility.

This week a new request by AIG for an additional $40 billion dollars after an initial $85 billion failed to stabilize that institution is an exercise in futility.   This is the same organization whose executives “dined and wined” in a luxury resort in California AFTER the initial bailout by the government.

AIG the largest insurance company in the history of America was so sophisticated it insured other financial institutions not only against loss of revenue, but it even stepped in by paying their everyday bills, one such example was that of bankrupt investment bank Lehman Brothers. That investment bank, once bankrupt couldn’t even pay rent for its leased million foot offices in London, “fortunately” AIG was there to pay rent instead.

We are left only to wonder whether that extra $40 billion AIG still needs are aimed at footing the bills of debauched and corrupt financial institutions it insured.

 There is yet a greater concern, where on earth have $2 trillion dollars worth of retirement funds disappeared?  How did Wall Street investors manage to incur such loss in only the last 15 months?

Today America’s President yet again “against his own natural instincts” is seriously considering following the example set by the United Kingdom in nationalizing its banking system.

There is a substantial difference between flooding the market with money, feeding the same system that flourished amid unaccountability and quite another it is to intervene, harness, and bridle institutions run on the simple precept of selfish gain and greed.

There is such thing as public interest, and public safety.  The great wealth yielded by retirement funds entrusted to private entities at the expense of depleting Social Security, constitutes nothing but the actual disenfranchisement by the government of its own citizens.  

Disdain and distrust in government and in its role of market regulation and protection of the public has resulted in blindly making greedy investors and private institutions the sole beneficiaries of the hard earned wages of the majority of Americans.

 The only entity that should be poised to intervene and restore trust would be a strong, transparent and accountable government.  Few and anonymous market investors, but more importantly the public at large will not rest assured until its trust is legitimately restored.