Tuesday, October 21, 2008

AIG spends taypayer money lobbying for loose regulation

Here's how it works:

1. AIG fails.

2. Taxpayers bail our AIG

3. AIG spends our money to lobby for looser regulation.

4. Senators Feinstein and Martinez write to AIG telling them to stop spending taxpayer money on lobbyists.

Too Big To Fail, or Too Stupid To Succeed?

Read it all at Consumerist.com

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