Jan 15, 2010

It looks like AIG has won the legal battle to keep its bailout a secret. It was the insurer of many of those toxic derivatives that enabled the large banks to destroy the economy of the world. AIG was bailed out because they had insured toxic derivatives that went bad, as the banks knew would happen. AIG was thus used as the funnel by which public money would pay off the banks. Essentially, it was legalized theft.

http://www.reuters.com/article/idUSN1116982020100111