WE SHARE THE OUTRAGE

Lamar Thames'J

Just like you, my wife and I are outraged at the bonus payments made to present and former officials at American Insurance Group, more commonly referred to as AIG (or as it will become known: Ain’t It Great?)

The outrage is understandable. Taxpayers (without a vote on the matter) get to fork over some $170 billion (that’s BILLION, with a B, folks) to bailout a company whose conglomerate Ponzi scheme worked little better than little ol’ Bernie Madoff’s one-man backroom operation. 

Here’s the rub for me, the $170 billion — or to paraphrase Barry Goldwater, “A billion here a billion there and pretty soon you are talking real money.” — is money the U.S government said it had to give to AIG to “bail them out” because they were so deep in hock and and so big we couldn’t afford to allow them to fail. Read the rest of this entry »