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Was the Bailout Itself a Scam?
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 »
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