Dow Jones Newswire is reporting it as a done deal. $85 Billion. Anyone find it odd that Sunday night when AIG was frantically seeking a buyer, the price tag was said to be $40 billion? More than doubled in less than 48 hours.
AIG is 4 to 1 nearly in Dem contributions for the ‘08 cycle:
Money to Congress: 2008 Cycle
Dems: Dems: $361,517 $361,517
Repubs: Repubs: $95,250 $95,250
Others: Independents: $0 $0
Incumbents: Total to Members: $440,717 $440,717
Non-Incumbents: Total to All Candidates: $16,050 $16,050
The price doubled because of the credit agency downgrades.
What’s even more atrocious, is that AIG had a private sector offer on the table and they turned it down.
That’s the outrage. Now the taxpayer bought them for twice the bill, instead.