Monday, March 23, 2009

Behold AIG

Four years ago, I wrote a column describing the modern corporation as a science-fiction monster – an artificial life form neither biological nor technological, but legal, a soulless creation possessing only appetite and instinct. Behold AIG.

Friday, the New York Times reported that the insurance giant is suing the U.S. government for $306 million. After receiving almost $200 billion from U.S. taxpayers to keep it from collapsing, AIG has taken legal action against its benefactors – us – who hold an 80% stake in the company. All this while sparking national outrage by paying bailout-funded bonuses totaling $165 million to some of the same avaricious jerks that brought our economy to its knees.

Read more at Campaign for America's Future ...

1 comment:

gta mls said...

What? The AIG is suing the state to get part of the taxes back? What a great game! I'd like to talk to the brain who came up with this case - he or she must have some great sense of humour!

Well done.
Julie