Tuesday, March 24, 2009

AIG, Wall Street and You

Here is an excerpt from an article in Roling Stone. Please take time to read the whole thing.

Nor did anyone mention that when AIG finally got up from its seat at the Wall Street casino, broke and busted in the after dawn light, it owed money all over town — and that a huge chunk of your taxpayer dollars in this particular bailout scam will be going to pay off the other high rollers at its table. Or that this was a casino unique among all casinos, one where middle-class taxpayers cover the bets of billionaires.

No comments: