Actually the AIG deal was a great deal for tax payers. Do you understand the terms? It sucks that it had to be done, but the details are excellent and I hope the heck they keep advertising. We own it. Literally.
Rush talking about this:
Andrew Cuomo and Fannie and Freddie
How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis
By Wayne Barrett published: August 05, 2008
http://www.villagevoice.com/content/printVersion/541234
If the Feds didn’t bail out AIG, the banking and insurance sectors might have completely collapsed. I’m not happy about it, but I understand why they did it.
So when can I expect my profit sharing check?