@georgeob1,
Quote:It's one thing to bail out a national company like AIG
Of the money that went to AIG something like $200 billion went to foreign firms to pay them in full for their contracts, when they probably should have suffered at least a haircut. The American people were never informed that this is what was going to be done with the AIG bailout money, and I have a big problem both with the lack of transparency and what was in effect the socialization of losses.
EDIT: the bailouts and the propping up of the banks was in effect the US government paying restitution moneys to the global governments and trading partners. Maybe this was a good idea, but the American taxpayer paid the bills and this is a ******* democracy, or is supposed to be......this should never have been done behind the backs of the American people by way of lies of omission.
