Saturday, September 20, 2008

Do All American Citizens Sponsor Manchester United?
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.


















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