“The U.S. government unveiled a revamped rescue package for insurance giant American International Group on Monday, and will provide the troubled company another $30 billion on an “as needed” basis. AIG also reported a large fourth-quarter loss. The company has burned through cash and has been unable to find buyers for pieces of its business that it hoped to sell to repay the government on its existing aid package, which totals some $150 billion. – The Rest of the Story
One Hundred and Fifty Billion Dollars.
Would it not have been better to send one million dollars to One Hundred and Fifty Thousand Americans? Checks for a million each by a random drawing to the the folks who voted in the last Federal election would have done way more for the country than throwing it down the AIG Black Hole.
In the meantime, guns and ammo sales remain brisk.
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