Wednesday, October 15, 2008

Hunters become the hunted: State investigators hit AIG with fraud probe over fat cat expenditures

State investigators launched a fraud probe into AIG on Wednesday following revelations that top execs spent $86,000 on a partridge hunt after the feds gave the company billions to stay afloat.



Yes, we were all played. Inexpertly even. It made no difference. You are still on the hook for your $5K so that execs at investment firms can keep living in the exact same foolish manner that they always have.

Smell the theft. That stink is going to linger.

I am still entirely unsatisfied that bailing out investment firms was either necessary or any kind of emergency. But that's me, I actually give a damn what happens to ordinary people but not so much about what happens to assholes on Wall Street.