Wrestling Blogs - Barry Gudknightors


Was the Bailout Itself a Scam?

Barry Gudknightors | Profile
March 27, 2009

Was the Bailout Itself a Scam? By PAUL CRAIG ROBERTS Professor Michael Hudson (CounterPunch, March 18) is correct that the orchestrated outrage over the $165 million AIG bonuses is a diversion from the thousand times greater theft from taxpayers of the approximately $200 billion “bailout” of AIG. Nevertheless, it is a diversion that serves an important purpose. It has taught an inattentive American public that the elites run the government in their own private interests. Americans are angry that AIG executives are paying themselves millions of dollars in bonuses after having cost the taxpayers an exorbitant sum. Senator Charles Grassley… more »