Dear Interwebz,
Maybe somebody can answer me a question. How can a company operating at a staggering loss, still manage to give out political donations? Example AIG. $90 billion or so loss for the 4th quarter of 2008 yet they were able to donate monies for politicians.
If I was flat broke I would not be able to ask the government for a bailout so that I could continue giving out donations to my favorite politicians (what an oxymoron "favorite politicians").
-Side note, AIG manages the pensions of our government officials, and Chris Dodd(#1) wrote into the bailout bill a clause allowing for the large bonuses that AIG was contractually obligated to pay, but the government is now reneging via a 90% tax because the media found out about it. Bankruptcy would have allowed AIG to renegotiate contracts.
Why are employees of Bank of America, Merrill Lynch, Fannie Mae, Freddie Mac, etc (the list seems exhaustive does it not)... able to receive massive bonuses and not AIG?
GObama!