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Sunday, March 08, 2009

The Rest Of The Story

Remember when the economic crisis hit and the giant investment banking firm of Bear Sterns filed for bankruptcy? The company asked for financial assistance from the government but

Congress decided (wisely) that private businesses make their own decisions and should be held accountable for them. Consequently, Bear Sterns went out of business..

Then several months later AIG, the h u g e insurance company, announced it too was in financial difficulty. Congress did a 180-turn in their philosophy and provided bailout money for AIG Why the change of heart? Was it out of concern for the tens of thousands of citizens who might loose money? Or perhaps Congress was suddenly concerned for the economy as a whole. Well, it was nothing that complicated.

Well, it was nothing that complicated.

AIG INSURES THE PENSION TRUST FUND FOR

YOU GUESSED IT

MEMBERS OF THE UNITED STATES CONGRESS!

1 comment:

Reconciled1 said...

Funny how it all works ain't it. I love it when they can vote for the things that are important to them. Don't we all wish we could vote for our own interest and raise even everyone ellse is losing theirs?