AIG WHO'S AT FAULT - THE START OF A NEW LIFE

This past September AIG HEADLINES READ THIS:

Government Bails Out AIG With $85 Billion Loan

Tuesday, September 16, 2008 | FoxNews.com

WASHINGTON — For the second time this month, the U.S. government put taxpayer money on the hook to rescue a private financial company, saying the failure of the huge insurer American International Group Inc. would further disrupt markets and threaten the already fragile economy. READ FULL STORY

The reason I bring this up is because so far I have heard all week that President Obama and his Cabinet are bailout happy, but let’s not forget that President Bush and Henry Paulson started this Bail out feeding frenzy! This is why I voted for Mrs. Palin in the past Election (even though I knew she would not win) I’m P. T. F. O because of this waste and the start of nationalization of private companies!

AIG Executives Rack Up a Reported $86,000 Tab During Hunting Trip

Wednesday, October 15, 2008 | FoxNews.com

CHARLOTTE, N.C. — First there was the $440,000 American Insurance Group Inc. spent entertaining executives days after receiving an $85 billion lifeline from the Federal Reserve, now it's $86,000 for a hunting trip in England as the faltering company reaped another $37.8 billion in taxpayer funded loans. READ THE FULL STORY

AIG is too large to fail, AIG needs Government help and on and on! Well I knew the ball would drop pretty soon. But here is where the plot thickens, always remember that when you have to beg someone for something like money you may have to jump through hoop’s! In other word’s any company that receives bailout money will be selling it's sole to the Devil! I’m glad that AIG has been under the microscope, maybe this will make companies realize that if we give you said amount you will have to do things our way!

Lawmakers Turn Fire on Obama Administration Over AIG Bonuses

Tuesday, March 17, 2009

Though President Obama pledged last month to crack down on executive pay for companies that take "exceptional" amounts of federal bail-out money, the administration now seems to be struggling to do anything about the bonuses AIG says it is contractually obligated to pay. READ THE FULL STORY

Cheers to Socialism (Of course I'm kidding here) "SOCIALISM" see it starts slow and then boom it burst like the laughter behind a closed door meeting at the White House! I think that this is the way the Dems are going to SCARE Corp. America away from taking any more TARP Money without saying they made a BIG MISTAKE!

More to come!