The troubled American International Group, after receiving $170 billion dollars in bailout money from the U.S. Treasury and Federal Reserve, is going to distribute $165 million in bonuses to its executives. What is wrong with this sentence? Everything. As in everything that has gone wrong with this unbridled capitalism. Everything that has gone wrong with [...]
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So AIG means “Aren’t I Greedy?”
Posted in economy, tagged AIG, bailout, bonus, capitalism, credit-default swaps, derivatives, Edward Liddy, employment, Fedral Reserve, free enterprise, jobless, recession, sub-prime, taxpayers, Treasury, U.S, U.S. economy, unemployment, Wall Street on March 15, 2009 | 2 Comments »
