How many times have these congressman expressed their “outrage” over the AIG bonuses. Where is the outrage over the entire $180 billion that was given to AIG? The money is gone. It was given to Goldman Sachs and other banks that were on the other side of AIG’s credit default swaps. The govenment didn’t bail out AIG – they bailed out the holders of the CDS contracts. And they bailed them out at 100% of the value – no haircut.
Guess who was the biggest recipient of AIG campaign contributions in 2008: Sen. Chris Dodd with $103,100. Why doesn’t Sen. Dodd return these campaign contributions back to the American people?
Wake up America!