Mar 10, 2009

A.I.G., Where Taxpayers’ Dollars Go to Die

Do you know where your tax money is going ? Well, a big part of it is going into a black hole called AIG and their counter-parties. This is the problem with bailing out a black hole, it never ends!

Derivatives are a black hole at the big insurer, and the government keeps tossing in money. (NY Times)

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