Wente: AIG is Obama's Exploding Cigar

by Benjamin Domenech on 1:38 am March 18, 2009

AIG is the cigar that keeps exploding in Barack Obama’s face.

The giant insurance wreck is effectively owned by U.S. taxpayers, who’ve already bailed it out four times, to the tune of $170-billion (U.S.). Now they’ve discovered they’re on the hook for $170-million in “retention bonuses,” payable to the very idiots who crashed the company in the first place. On top of that, the most powerful men in the U.S. government say they can’t do anything to stop it.

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