The US Federal Reserve bailed out insurer AIG a few days ago. AIG happens to sponsor my favorite English Premier League Team,
Manchester United.
Since the Federal Reserve injected $85 Billion to save AIG, an argument
can be made that American citizens now indirectly sponsor Manchester
United. For instance, a CNN reporter walked around Manhattan asking
people if Man U's jersey should have "Federal Reserve" instead of "AIG"
on the front. Granted, it's somewhat of a reach but there is a point.
Though I am
part owner of Ebbsfleet United, I did not ever expect nor
wish this kind of scenario to happen with AIG. I do want everyone to
root for Man U of their own free will, instead of as taxpayers against
their will.
"May you live in interesting times" is a famous Chinese proverb. Given
the current turmoil in the markets, I can go for some boredom right now.
Posted by a concerned Tank in NY.