"For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. It wasn't until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back."No one predicted the public outcry, but now that the outrage is at fever pitch, the government's knee jerk reaction isn't going to cut it; people want "real" answers! This might be the final straw that results in some hard decisions being made about the banking system in America. Nationalization?!
Wednesday, March 18, 2009
SPIN METER: Cue the Washington outrage
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