Thursday, March 5, 2009

Billions Dished Out in the Shadows

Billions Dished Out in the ShadowsSix months ago, we taxpayers began bailing out AIG with more than $140 billion, and then it went and lost $61.7 billion in the fourth quarter, more than any other company in history had ever lost in one quarter. So Timothy Geithner and Ben Bernanke huddled late into the night last weekend and decided to reward AIG for its startling failure with 30 billion more of our dollars. Plus, they sweetened the deal by letting AIG off the hook for interest it had been obligated to pay on the money we previously gave the company.


It's only 10 paragraphs,
maybe we should all
read this?
Maybe even write to our Congressional representatives
about what we think about it? Hm?


I only wish the Obama people would continually remind
the citizens of the world that
this debacle was brought down on them by the
G WTF BUSH gang and their de-regulating frenzy.

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.