financial bailout

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AIG Bailout - Shades of Things to Come

Submitted by WThomasPayne on Wed, 10/08/2008 - 09:25

Well, here we go with the results of the first of what could be many mega-corporation bailout packages being abused by those receiving them - AIG American General spending part of that $85 billion package on a half a million dollar junket to a posh California resort (see the bill here http://www.thesmokinggun.com/archive/years/2008/1007083aig1.html?link=rs...). 

A quick look at AIG Board of Directors shows a stream of finance industry corporate fatcats - and not ONE there representing the "investment" that the American people have made in this company.

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