Monday, March 9, 2009

Whole lotta chutzpah goin' on...

From what I understand we are just now getting a list of the wrecked companies that were insured by AIG and to whom AIG has been funneling the bailout money. It seems incredible to me that AIG had not been required to furnish that information in the first place. According to the list in the NYT, most of the companies receiving bailout money from AIG are also receiving direct bailout money. Talk about double dipping!
While on the subject of double dipping, the same people who brought us Countrywide Mortgage Co. with the ensuing sub prime debacle are now buying up their own now taxpayer subsidized toxic assets. Just incredible!
Disgusting. The whole sorry mess is just disgusting.

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