AIG necropsy: taxpayer billions, direct to their pockets.

"The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.'s counterparties." A necropsy of the AIG deal, in the NYT. Spoiler: we lose. (lifted from Mitch Kapor)


  1. Too Big To Fail AIG bailout feeds the Goldman Sucks finance vampire.

    How’s it feel to be the recipient of Wall Street Wealth Redistribution?

    1. And the answer?

      Pretty good if you’re Goldman Sachs.

      By the time the US Government gets through paying the interest…

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