AIG is a Sucking, Bottomless Pit

Both Democratic and Repulican senators are (finally!!) getting angry over the massive bailout money forked over to AIG. AIG was supposed to be an insurance company for investors. But what did they do with their assets? The leveraged them outrageously in a frenzy of horrendous greed and mismanagement.

And now? Vice Chairman of the Federal Reserve Board, Donald Kohn, wants to give them more money — get this — “to protect investors.” Uh, the time to protect investors was a long time ago when AIG was ripping everyone off and taking huge heaps of profits from what should have been a very conservatively run business. Where was the regulation? Where was the oversight?

It’s starting to look more and more like dirty deals and the ultra-wealthy protecting the ultra-wealthy.

I’ve got a proposition for you. How about the federal government gives the money DIRECTLY to the investors and cuts out the middlemen at AIG pulling down the fat salaries!?!?!?

Whew. Okay. Calm… I swear, sometimes you just don’t even want to know this stuff.

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March 6, 2009 | Filed Under Perfect World 

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One Response to “AIG is a Sucking, Bottomless Pit”

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