The Truth Behind the AIG Bailout
Remember when this economic crisis hit, and Congress let Bear Sterns go under, pushed a bunch of forced marriages between banks, etc.? Then they bailed out AIG. At the time, I thought: "That's strange. What does an insurance company have to do with this crisis?"
Among other things, AIG INSURES THE PENSION TRUST OF THE UNITED STATES CONGRESS!! No wonder they got bailed out right away!
Senators and Congressmen. Nice to see where their loyalties lie!
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Comment by aza spade— 2009/01/26 @ 11:44 PM — (Reply)
Comment by riffran— 2009/01/27 @ 05:47 AM — (Reply)