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!
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
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?
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