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Why did Congress give money to AIG? Real answer.

aig logoEver smell a rat, but just couldn’t find it?

I couldn’t figure out why would the Congress let some firms go under and then bend over backwards to help others. NOW this makes sense!!!!!! (Why hasn’t it gotten national press coverage?)

Remember when this economic crisis hit, and Congress let Lehman go under, pushed a bunch of forced marriages between banks, etc.? Then they bailed out AIG.

At the time, I thought: "That’s strange. What does an insurance company have to do with this crisis?" I think I just found the answer.

Among other things, AIG INSURES THE PENSION TRUST OF THE UNITED STATES CONGRESS!!

No wonder they got bailed out right away! To hell with the people, let’s protect our future, said all our Senators and Congressmen. Nice to see where their loyalties lie!

We are from the government and we’re here to help (ourselves!)

Check out this link for the original article on Businessweek.  It’s already been pulled.  I wonder why?

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RSS Feed for This Post3 Comment(s)

  1. Mark | Feb 16, 2009 | Reply

    Took about 5 seconds before someone I forwarded to tore into me about AIG…
    http://www.snopes.com/politics/business/aig.asp
    Way to go stupid!

  2. Just Stupid | Feb 16, 2009 | Reply

    Hey Mark – thanks for pointing this out. We usually try to check snopes before publishing but forgot to do it this time.

  3. Mary Lou | Feb 17, 2009 | Reply

    What might be considered the ultimate in stupidity is that we would expect government, any goveernment NOT to put its own interests FIRST. Duuuuuh

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