AIG OMG!

The failure of American International Group and the subsequent takeover of the insurance firm by the government caused even more ripples in the global financial markets, as stocks in New York plummeted over 400 points on the Dow Jones average. Some people are comparing this multiple debacle to the stock market crash of 1929, but in fact it could be worse. Failures like the ones that have taken place this week are unprecedented, and no one knows exactly what to do to mitigate or minimize the damage.

This has left the United States in a precarious situation, having long ago gone from a sustainable economy producing goods of value to a consumptive economy where people shuffle paper and push pencils without actually producing anything.

If Osama bin Laden owned stock, he could commit an act of terrorism against America just by selling it.