Returning to the Rule of Law: Bogus Republican Complaints about AIG Bailout

Sen. Jeff Sessions (R-AL), Sen. John Ensign (R-NV) and Sen. Pat Roberts (R-KS).

Last week, Senator Jeff Sessions (R-AL) weighed in to express his outrage at the lack of government control which led to the AIG bailout scandal. This isn’t the first time that Sessions has expressed outrage over wasteful spending and lack of government control. Back when the Iraq war was young, news broke that Paul Bremer […]

In the Wake of AIG: Obama’s First Priority

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AIG is rapidly becoming a nightmarish metaphor for the Obama Administration’s problems administering the bailout of Wall Street. One central problem is the lack of transparency. According to some news reports, Treasury Secretary Tim Geithner knew weeks ago that AIG was planning to issue the bonuses to executives in its notorious credit default swap unit, […]

Another $8 Billion Or So on the Line for AIG

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AIG has finally come clean with the public about who was at the other end of its calamitous financial bets. The recipients of billions of taxpayer dollars were … well … pretty much the banks that we expected: Societe General, Goldman Sachs, and Deutsche Bank, to name a few. The full list is here . […]

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