$150B later and AIG is still dead but we are still throwing good money after bad.
The biggest scam on earth is taking place under our very noses. It bests madoff and it is legit because we haven't outlawed it yet. AIG is dead because it underwrote (or at least re-insured) the insurance on naked CDS and when it blew up there is no budget that can cover such a DEMULTIPLIED BAD DEBT. The taxpayers are funding hedge fund jackals to the tune of $150Bn and have NOTHING TO SHOW FOR IT.
NAKED CDS MUST BE BANNED YESTERDAY. Even the guys who were speculating with it think so (find the conde nast article on "the death of wall street"). AIG must FAIL TODAY to STOP THE PAYMENTS TO THESE HIGHWAY ROBBERS. $150 fucking Billions to clowns like me, how many schools, how many hospitals, how many barrels of oil and you call this "innovation"?.
This is the kind of BULLSHIT that lead to outrage and the invention of communism in the late 19th. And to those of you that don't see this ABUSE and dribble that meak liberal line like sheep being taking to the slaughter house, you are really too fucking stupid to see it and you deserve to pay every fucking dollar for it.