The Final Minority Report

Because Even Minorities Oppose Liberalism & Statism

Taxpayers Pay European Banks via Bailout, AIG

I sure am glad that the American Taxpayer can see that the government is spending OUR money with the greatest of discretion and scrutiny:

Goldman Sachs Group Inc and a parade of European banks were the major beneficiaries of $93 billion in payments from AIG — more than half of the U.S. taxpayer money spent to rescue the massive insurer.

The revelation on Sunday by American International Group Inc was another potential public relations nightmare, coming on the same weekend that the Obama administration expressed outrage over AIG’s plan to pay massive bonuses to the people in the very division that destroyed the company by issuing billions of dollars in derivatives insuring risky assets.

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03/17/2009 - Posted by | Obama - Spending Bills |

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