WASHINGTON – The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money.
http://news.yahoo.com/story/ap/20080917/ap_on_bi_ge/aig
Ahhh yes, our tax money hard at work bailing out AIG for investing in
high risk people; gotta love those under writers.... capitalism at its finest!!!!
The irony in this photo makes me want to hurl!
See he little guy in the lower left hand corner, thats you, the tax payer, flagging
down the AIG corporation saying aloud."STOP, here ya go, here's a check to help cover
your bad investments that you made by lending money to HIGH risk people with an
inverted debt to income ratio.
To add insult to injury, the people that had to fold,(ie: lost their homes), we are now paying off their debts becuase a lot of these people will in turn file for bankruptcy so, in a sense, we pay for their greed and they dont because they are now covered by their bankcruptcy!
I tell ya, if I was making what I was making in 2003 and therefore paying A LOT
of taxes, I would be getting an ulcer for sure!!!!!!
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