Countrywide, Fannie Mae, Freddie Mac, AIG Who?

Rory Cooper / March 20, 2009

[youtube]http://www.youtube.com/watch?v=1GoK0539Gl4[/youtube]As Congress builds its target list with any wage earner who makes over $250,000 and is even slightly tied to a company recieving TARP funds, let’s not forget who modified the $800 billion stimulus bill to formally recognize these bonuses in the first place.

And this from Larry Kudlow:

What it really shows is how the government has completely bungled the AIG takeover. Blame the Bush administration and the Obama administration. It also shows, once again, why the government shouldn’t run anything, because it cannot run anything. AIG should have been placed in bankruptcy last fall under some sort of government sponsorship. While in bankruptcy, all the salary contracts (and every other AIG contract) would have been nullified and voided.