Tuesday, October 07, 2008

What was that about corporate greed and corruption?

Just in case you missed it at the congressional hearings into the AIG collapse, here is a sweet little tidbit:
House Oversight Committee Chairman Henry Waxman, D-Calif., also said that even as losses were engulfing the company, AIG executives depleted AIG's capital through stock buybacks and higher dividends.
Pretty much sums up a sick and twisted situation for you. Looks like things are going to get ugly, and we have barely scratched the surface.

For more blood-boiling AIG outrages - even post-bailout! - see this stuff over at dailykos.

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