The US government’s bailout of AIG should be raising all sorts of eyebrows, and we’re far from getting out of this dangerous morass. The US government has so far refused to say what’s being done with the bailout money. Why?
- They still had $302 billion in various credit insurance obligations on their books More here
- The bailout is crony capitalism at its finest.
- Why we should care about this.
Even for those suffering from moral hazard fatigue, this is a big one.
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