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Those Hit Hardest Get No Bailout

Posted on Mar 17, 2009

By Amy Goodman

  Taxpayers’ bailout money for AIG bonuses has rightfully provoked a massive backlash against AIG, Wall Street, President Barack Obama and his economic advisers, Treasury Secretary Timothy Geithner and Larry Summers. The U.S. public now owns 80 percent of AIG. The outrage is bipartisan: Iowa Republican Sen. Charles Grassley even suggested that AIG executives “resign or go commit suicide.” New York State Attorney General Andrew Cuomo just released details on the bonuses, exposing AIG’s ridiculous claim that they are “retention bonuses” aimed at keeping key employees, since 11 of those who received bonuses of $1 million or more are no longer employed by AIG.

  These AIG millionaires may need to return their unearned millions (Congress may pass a tax law aimed just at them, taxing their bonuses at 100 percent). But will the outrage help those who have been hardest hit by the economic meltdown? Will the hundreds of millions of dollars in various stimulus packages and bailouts find its way to regular people who are trying to get by, or will it go only to corporations deemed “too big to fail,” leaving behind millions of people who are, apparently, small enough to fail?

  The Center for Social Inclusion has just issued a report on the economic meltdown and how best to solve the problem. It links race to the lack of opportunity and to the prevalence of the notorious subprime mortgages that triggered the economic crisis.

  CSI Executive Director Maya Wiley told me, “We have to stimulate equality in order to stimulate the economy.” Access to education, transportation, housing and a clean environment give people a firm footing to respond to crisis and to succeed. Noting that “shovel-ready” stimulus jobs in construction will disproportionately favor those who are already in that industry, predominantly white males, Wiley is pushing for “community benefits agreements for construction jobs [that] ensure when the government has construction contracts, low-income people, people of color, women, are going to have their fair share of those jobs.” Since people of color are more likely to live far from available jobs and are less likely to have cars, Wiley says, “we must ensure that the way transportation dollars get spent go to transit ... to connect people who need jobs to the places where there are jobs.”

  The group United for a Fair Economy also highlights the racial wealth divide, noting that “24 percent of blacks and 21 percent of Latinos are in poverty, versus 8 percent of whites. In the corporate world, we are seeing the highest executive pay and the biggest bailouts in history. CEO pay is 344 times that of the average worker.”

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  Prevailing wisdom posits that freeing up credit will save the economy, thus these huge banks need hundreds of billions of dollars in taxpayer bailouts. But the crisis was initially caused by defaults on subprime mortgages. One option at the outset would have been to support the distressed homeowners, helping them avoid foreclosure. Wiley points out that “35 percent of subprime mortgage holders were actually eligible for prime-rate loans. ... Most of those were people of color ... communities of color did not have fair access to credit.”

  The banks and the mortgage lenders pushed bad loans on poor and minority borrowers. The NAACP has just filed lawsuits against Wells Fargo and HSBC, alleging “systematic, institutionalized racism in subprime home mortgage lending.”

  The banks bundled the bad loans into securities and sold them, then created derivatives based on these securities that are impossible to understand, let alone value. AIG insured the investment banks against potential losses from these complex derivatives. The U.S. Treasury bailed out the banks along with AIG. AIG then paid out tens of billions of its bailout money to the very large banks that already received billions in bailout funds: Bank of America and Goldman Sachs. Yet, despite the hundreds of billions being siphoned off by these megabanks, we are told that the credit market is still frozen. Many European banks also received funds this way, including Swiss bank UBS, which offers secret bank accounts that allow the richest Americans to avoid taxes. In effect, beleaguered U.S. taxpayers are bailing out wealthy U.S. tax dodgers.

  Obama has surrounded himself with financial advisers who are too cozy with Wall Street, like Summers and Geithner. It’s time to direct the stimulus to the people who need it, to those whose tax dollars are funding it.
 
  Denis Moynihan contributed research to this column.

  Amy Goodman is the host of “Democracy Now!,” a daily international TV/radio news hour airing on more than 700 stations in North America. She was awarded the 2008 Right Livelihood Award, dubbed the “Alternative Nobel” prize, and received the award in the Swedish Parliament in December.

  © 2009 Amy Goodman

  Distributed by King Features Syndicate


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By Kamagra, May 11, 2011 at 12:55 am Link to this comment
(Unregistered commenter)

Hey, Really great work,I would like to join your blog anyway so please continue sharing with us,

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By freddiegarry, January 18, 2011 at 5:48 am Link to this comment

Payday Loans the Only Resolution:

Payday Loans are the only resolution in time of your emergency. At the start of the month, people often ought to pay some bills

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By Payday Loans, July 13, 2010 at 12:27 am Link to this comment

Outrageous is the common theme! When millions of American homeowners lose the roof over their heads, their small income and health insurance, yet we bail out businesses or actually by natural order of the capitalist society will end by design of the system and evolution. The recovery will by these acts take generations to achieve the financial status of past years.

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By Jay Michael Harden, March 28, 2009 at 7:26 am Link to this comment
(Unregistered commenter)

thank you Amy!!!

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By rylly, March 23, 2009 at 3:57 pm Link to this comment

It is encouraging, reading the comments here, some very enlightening responses.
If we were being put into debt of $2 Trillion, we would benefit if it went for mass production of wind and solar farms…to serve OUR needs for the future. We’d have jobs for years and years to come.
But $2 Trillion debt for buying poison…duh…TOXIC assets from rich elites…we get nothing.
Are we crazy?
Toxic assets?
What do we expect from them?
Goodness?

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By Alan MacDonald, March 21, 2009 at 3:26 pm Link to this comment
(Unregistered commenter)

The seminal issue, much broader than AIG or the deceitful bonuses, is how to deal with an entire system which allows theft by dumping ‘negative externality cost’ POLLUTION (in this case ‘debt bombs’) on our society.

Luckily, this issue has already been legally resolved in dealing with dangerous industrial products—- “POLLUTER PAYS” is the legal answer and has been the law of the land since the cigarette settlement, the case of W.R. Grace in “Civil Action” and Erin Brockovich against PG&E poisoning ground water.

The same legal solution can and MUST pertain to financial pollution cased by a financial firm which manufactures corrupt/dirty products which are designed to produce phony profits only by polluting the financial atmosphere.

Manufacturing products which a prudent man knows or should know will produce pollution to the commonwealth, and doing so merely to create the appearance of phony profits (when there really is no profit) is illegal whether the product is cigarettes, dirty chemicals, asbestos, or CDSs.

“Polluter Pays” is the modern law of the land—in the US and throughout the modern, sustainable world—- and thus financial products producers like AIG FP (‘financial products’) must pay to clean up the damage their products created.

Polluter Pays is the law and AIG (and most of all of the Wall Street corrupt investment banks, hedge funds, and integrated financial ‘super-markets’ like Citi) which have been selling rotten financial meat, and ‘toxic waste’ now have to pay for the pollution and financial sickness that their rotten products have caused!!

Alan MacDonald
Sanford, Maine

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By NYCartist, March 20, 2009 at 11:34 am Link to this comment

Yes, to Amy Goodman. (I’ve been listening to DemocracyNow since the show began, on WBAI.)

As an “adjunct” to this article, I would like to recommend Richard Wolfe’s interview last night, with Basir Mchawi (and two cohosts) on “Education and the Crossroads” on WBAI http://www.wbai.org It’s archived, free.
Prof. Wolfe is a professor in Mass.  I like economics teachers who speak “easy to understand” ...

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By Serginho, March 19, 2009 at 2:15 pm Link to this comment
(Unregistered commenter)

And it is time for Summers and Geitner to go.  They are indeed too cozy with Wall Street to be regulating it, let along getting us out of this mess.

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By Margaret Currey, March 19, 2009 at 5:42 am Link to this comment
(Unregistered commenter)

The American worker is “being sold down the river” because Corporate America told congress that we don’t have enough good american workers so we need a special Visa for people to come in and the reason corporate america wants this is cheap labor and to reduce workers to slaves for the corporations.

In later times there were the robber barrons and those times have returned.

There was a time when people were more self reliant, woman made clothes for themselves and their families, men did things like milk the cows, pull the plow (woman did that also).

Now we are so used to going to Wallmart and buying things made cheaply by others.  In fact some of the things learned in the past are forgotten.

But we are supposed to be better off because there are cell phones to keep us in touch with others.

Things like “I am on the streetcar and I will be there in five minutes”.  People cannot stand to wait more than five minutes and that justifies having a cellphone.

If corporate America is guilty of greed, a lot of people are guilty of having not being able to wait any more than five minutes to meet up with friends.

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By debug, March 18, 2009 at 6:27 pm Link to this comment
(Unregistered commenter)

Just a shame. Sometimes Obama is out of touch.  Lots of Americans are employed because the open job positions are being taken by Guest Worker Visas on H1b and L1.  If he cancels these visas a lot new jobs will open for unemployed Americans.  These guest workers are not highly skilled or the best they are just replacing Americans because of cheap costs. They don’t need benefits.
I think Obama still expects that a lot of Americans have good credit.  With Millions of Unemployed, Millions Foreclosed - and you think there are still a lot with Good Credit.  Stop doing speeches Obama and really do some good for Americans. Tell me who will buy all those foreclosed properties, the only buyers are those that use to own them.

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By fakedemocracy, March 18, 2009 at 4:57 pm Link to this comment

“President Roosevelt was elected on November 8, 1932. People look upon an elected President as the President. This is January 1935. We are in our third year of the Roosevelt depression, with the conditions growing worse…

We must now become awakened! We must know the truth and speak the truth. There is no use to wait three more years. It is not Roosevelt or ruin; it is Roosevelt’s ruin.

Now, my friends, it makes no difference who is President or who is senator. America is for 125 million people and the unborn to come. We ran Mr. Roosevelt for the president of the United States because he promised to us by word of mouth and in writing:

1. That the size of the big man’s fortune would be reduced so as to give the masses at the bottom enough to wipe out all poverty; and

2. That the hours of labor would be so reduced that all would share in the work to be done and in consuming the abundance mankind produced.

Hundreds of words were used by Mr. Roosevelt to make these promises to the people, but they were made over and over again. He reiterated these pledges even after he took his oath as President. Summed up, what these promises meant was: “Share our wealth.”

... We have nothing more for which we should ask the Lord. He ahs allowed this land to have too much of everything that humanity needs.

So in this land of God’s abundance we propose laws, viz.:

The fortunes of the multimillionaires and billionaires shall be reduced so that no one persons shall own more than a few million dollars to the person. We would do this by a capital levy tax. On the first million that a man was worth, we would not impose any tax. We would say, “All right for your first million dollars, but after you get that rich you will have to start helping the balance of us.” So we would not levy and capital levy tax on the first million one owned. But on the second million a man owns, we would tax that 1 percent, so that every year the man owned the second million dollars he would be taxed $10,000. On the third million we would impose a tax of 2 percent. On the fourth million we would impose a tax of 4 percent. On the fifth million we would impose a tax of 16 percent. On the seventh million we would impose a tax of 32 percent. On the eighth million we would impose a tax of 64 percent ; and on all over the eight million we would impose a tax of 100 percent….

...What this would mean is tat the annual tax would bring the biggest fortune down to $3 or $4 million to the person because no one could pay taxes very long in the higher brackets. But $3 or $4 million is enough for any one person and his children and his children’s children. We cannot allow one to have more than that because it would not leave enough for the balance to have something….

...And now you have our program, none too big, none too little, but every man a king.”

Senator Huey Long, 1935

http://www.americanrhetoric.com/speeches/hueyplongshare.htm

PS. This solution would allow for paying off all US debt immediately upon becoming law.

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By jackpine savage, March 18, 2009 at 3:35 pm Link to this comment

Reverb is right.  This uproar over bonuses (most of which were paid out to people in the functioning portion of AIG) is just a diversion.

Americans are the biggest suckers the world has ever seen. 

The real scandal is that 183B is already gone, paid out to the counterparties like Mr. Paulson’s GS.  And yet, and yet, everyone’s screaming about something like 0.1 percent of the money that was stolen.

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By Adam, March 18, 2009 at 1:44 pm Link to this comment
(Unregistered commenter)

We need a revolution. Congress does not listen to our pleas. There is overwhelming evidence of this. The massive outpouring of hatred for the FIRST bailout bill was unprecedented. Junior aides were reporting the public was calling in at 9 to 1 against the bailout. 9 to 1. That they had received record number of calls/e-mails and that we the people were even crashing servers the load was so much greater than ever before.

They still voted for it. Oversight? Oh it’s in there they said. But no. Paulson did the exact opposite of what he said he would…and if you don’t like it…who cares? The bill gave him power to burn the money literally. He could but a 100 billion dollar hooker…and it would not be legal for us to do anything to him about it. That was the pandora’s box that was opened.

Now they do not even bother to read bailout bills before signing them.

I have lost count on how many bailout bills there have been. Instead of naming them bailout #1, 2, 3, 4, 5…they have been crafty and given them different titles that are positive sounding. So as to not seem like well the first three bailouts have done nothing…but if we name the next one bailout #4 we have people with rifles at our doorstep.

Time to envoke our rights to bear arms. We outnumber them tremendously. Look at the number of registered gun owners compared to the ENTIRE US militart sometime. It’s in the ballpark of 100 to 1 in WE THE PEOPLE’S favor.

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By Folktruther, March 18, 2009 at 11:14 am Link to this comment

Jon is right.  We are being ruled by criminals and Obama is their front man.  The time to detail the use of the money is BEFORE you give it out, not after.  Especially as it was doled out as bonuses in previous bailout swindles.

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By grumpynyker, March 18, 2009 at 10:44 am Link to this comment
(Unregistered commenter)

Well, if US taxpayers own eighty percent of AIG, now there’s NO excuse for universal, single-payer healthcare.  Been reading that these bonuses were known for months, read Eliot Spitzer’s Salon article, saw that Senators Dodd and Obama received bribes, oops contributions from the financial sector(Amy, why no mention of Senator Schmuck Schumer?).  Joe and Jane Sixpack can gnash their teeth all they want, but all they can do to convene their anger is to unelect their representatives in 2010 and 2012. Ignore these politicians’ fake “outrage”, DEMAND THAT ALL BONUSES/BAILOUTS ARE RETURNED to taxpayers,and ALLOW WALL STREET BANKS/HEDGE FUNDS TO FAIL!

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By Eric L. Prentis, March 18, 2009 at 10:32 am Link to this comment

President Obama, save yourself, Geithner/Summers/Bernanke all have to go, your Bush-like, elite financial ruling class economic team is bringing you down. America desperately needs “change we can believe in.”

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By Shift, March 18, 2009 at 8:09 am Link to this comment

Supporting opinion:

http://www.truthout.org/031609A

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By G.Anderson, March 18, 2009 at 8:01 am Link to this comment

Where to begin,

The American economy for many decades, has been dependent on creating debt slaves of the American people. The details should be common knowledge to everyone, unlimmited interest rates on credit cards, bankrupcy reform, outsourcing of jobs, student loans, H1B Visas… all designed to turn American workers into debtors, not owners.

With no way to get ahead, no way to get out of debt, and no legal recourse; which is just the way the corporations like it.

Meanwhile they’ve been harvesting our debt, and selling it overseas, to make lots more money for them, without any concern about America’s future.

All was well with the Robber Barons until we reached a point where the whips of our Republican masters, couldn’t make us work any harder, but only sent us to an early grave.

Overnight, the slave owners outside this country, became nervous about the security of their debt and reluctant to buy anymore.

But saving our oversear’s will only help them continue the process of our enslavement to debt.

Instead, free the people,.... free us from bankrucpy reform, from credit card reform, from student loan debt, and all the nasty legal credit instruments that oppress us and enrich them, only then will things get better.

Only when we are free will the economy get better, without that, things will only continue to get worse…

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By Litchfield, March 18, 2009 at 6:31 am Link to this comment
(Unregistered commenter)

In reality what we have with these bailouts is just another trickle-down twist: Gobs of money going to the top with the premise that this will get things going at the bottom. Big surprise when none of it makes the journey to the bottom!! Halloo??? I thought Obama was taking us away from that planet, but now we are stuck on it for generations.
Litchfield

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By Purple Girl, March 18, 2009 at 5:49 am Link to this comment

Most Logical way to put money back in to ‘prime the pump’ would be for the IRS to allow people to access their Retirment funds. Funny no one has bothered to mention that idea. Perhaps because there are NO retirment Funds Left? Those quarterly statements aren’t worth the paper their printed on ..Ya think?
Let’s be honest regardless, Retirement is now a Joke. Not gonna happen folks. The Boomer Generation is far to large for any one Generation to support. These SOB’s have focused so much on the Helath crazes that they will not do the rest of US the favor of Dying in a timely manner. They will live for decades with Alzheimers (do your Kids & Grand Kids a favor and smoke a cigarette & Eat a damn Doughnut!!)This fact was inevitable Even Before this Economic meltdown, now it’s just that much more wide spread with the Deficit racked up by Bush and now the Stim pkg.
so if given the opportunity to withdrawl at least half our retirment money would save our homes, pay off some credit cards, pay taxes- wouldn’t that be stimulating to the eocnomy and help refund the banking industry, encouraging more lending. I have no intentions of borrowing any more from these loan sharks- every month another credit card jacks up my interest rate for no damn reason! I just asoon pay the bastards off and be done with it once & for all.They’re Killing me! Now I’m possibly facing bankruptcy because I can’t find a job- when these assholes should have been the ones filing for bankruptcy. I got money to bail myself out- but they are barring me from actually accesing this. Doesn’ tthat prove they are out to destroy US? I’m homeless with $100,000 in Retirment funds
So it’s either treason that the Corps and the IRS won’t hand over the PEOPLES Money to avoid persoanl catastrophe or intentional mass Economic Treason because they Lost or Stole it All!!
Frnakly I don’t give a shit what happens to the Stock market if evryone is allowed to withdrawl their money. They do not actaully produce any thing, they do not determine the course of Economic Solvency to our nation. The practice of Selling and Buying products and services began millenia ago. Long before they started betting on it, Speculating on it or manipualting it. I have no fear of the Stock market becoming obsolete or relegated to betting on Revelon vs Max Factor, instead of Corn and Oil. In fact those essential resources should be removed from the Boards immediately- they have literally killed people through their manipulation of stocks.Jacked up the price of oil on specualtion, caused food prices to skyrocket, left millions to starve! That’s a crime against Humanity.

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By Mike, March 18, 2009 at 5:02 am Link to this comment
(Unregistered commenter)

“jobs in construction will disproportionately favor those who are already in that industry, predominantly white males” Haaa give me a break! those with males will go eat in a diner that employs predominantly white females waitresses and then bring food back to their predominantly white female wives. Please stop the male bashing.  I do not think that these poor guys working their a** off on construction sites are being “favored” in any ways. I am tired of seeing white males depicted as winners and females as victims. Go tell Ms. Abramoff what a poor victim she is.

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By Joe Edwards, March 17, 2009 at 10:23 pm Link to this comment
(Unregistered commenter)

I don’t know about anybody else, but I am up to my eyeballs in credit card debt and student loans. Don’t forget the mortgage and car payemnts!!!

YES, it is my fault for getting into this mess. YET, it is also these corporations and banks’ fault for getting into the mess they are in. What is the DIFFERENCE? I WON’T get a bailout, but instead might soon go into bankruptcy and loose my home and end up on the street.

Yet these folks at AIG are making bonuses in the millions! I don’t care if this is the greater part of their salary. I have to survive off of 50K a year, maybe they should learn to do so as well.

I have now reached the point where I am ready to simply give up since no one cares to help me out. It is time to just give up.

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By wildflower, March 17, 2009 at 7:53 pm Link to this comment

The “outrage is bipartisan?” Please, you can’t serious?  The Republican leadership has worked endlessly to promote “deregulation” in our financial markets, which, ultimately, led the way to this economic crisis in the first place.  In fact, some say the whole point of “deregulation” is to accommodate greed and corruption. The “outrage” they are currently feigning is obviously for the benefit of the naïve.

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By Old Ed Of The Delta, March 17, 2009 at 7:41 pm Link to this comment

The Financial Black Hole - We Are Forced To Pay Tribute - Like It Or Not.

We have right here on the planet Earth a financial black hole that relentlessly pulls billions of dollars towards its center of gravity.

This black hole is called the American Insurance Group. The gravitional pull for money of this phenomenon is so great that it defies explanation by esoteric experts in such fields as credit default swaps and derivatives.

This black hole was conceived by some of the greatest business minds on Wall Street. This device appeared to run like a perpetual money making machine that did not obey the laws of economics.

The machinations of these devices was so complicated that only a few of the chosen management could be expected to successfully operate it. The drones in the regulatory agencies with in the Federal government, with little or no training in this field, could not be expected to comprehend the inter workings of these intricate machines. The brain power was vested in Wall Street firms, not in government. A few brilliant private and academic individuals suspected flaws in theses unregulated schemes, but it was more theoretical than being sustainable fact.

The American Insurance Group was an good operation until the fine hand of the Federal government forced such entities as Fannie Mae and Freddie Mac to make home loans inconsistent with the value of the collateral for these loans and the ability of the bowers to repay the loans. This resulted in an world wide economic domino effect where as AIG did not have the capital of meet their insurance default obligations.

Now we have a black hole of such monetary gravitational pull that failure to keep feeding this machine will result in a world wide financial melt down of unprecedented consequences.

The only people who have the expertise that created this device are the very ones who can subsequently dismantle this black hole as they are schooled in the science of computer programs, complex trades, derivatives and the ascertainment of the values of questionable financial instruments. 


Sorry to say that these individuals are the proposed recipients of bonus money from the coffers of AID. Some of these folks have quit AID and must be enticed to come back to the company to salvage it. They have us over barrel. Withhold them of their bonus money if they can successfully complete the task of the dismantlement of the black hole and the economy shows some form of recovery.

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By Reverb, March 17, 2009 at 7:17 pm Link to this comment

Amy mentions the AIG money that went to BofA, Goldman Sachs and UBS, among others - this was written about today by none other than the disgraced former Governor of New York, Eliot Spitzer:

The Real AIG Scandal - It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in full

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By Jason!!, March 17, 2009 at 6:49 pm Link to this comment

poverty knows no race.

can we kindly depart from the race mongering please.

there are a several reasons we could point to. Education? Greed? Igonrance?

But race? Dont think so. Those taking sub prime loans took a risk. Signed papers they didnt understand. Congress did the same thing with the bailout….

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By geronimo, March 17, 2009 at 5:31 pm Link to this comment
(Unregistered commenter)

The AIG crooks have given President Obama the opening he needs to break with Wall Street & its cronies (including, but not limited to T. Geithner & L. Summers) and to stand up for Main Street.  He’ll also have to stop pandering to the free-marketeers in Congress plus going full-speed ahead towards universal health care along with the card sign-up for unionization.  Does this amount to class warfare?  Yes we can.

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By Jon, March 17, 2009 at 5:27 pm Link to this comment
(Unregistered commenter)

Summers is a globalist, he won’t care about Americans.  After all, when he was president of Harvard he said women could not achieve in science because they ‘were different’ than men.  When he was with the World Bank, chief economist, he said that since Africa was underpolluted, it could handle taking a lot of western toxic waste.  And in 1999, when he was Treasury Secy under Clinton, in response to the Glass Stegall Act’s repeal, which deregulated banks, he said what a great thing this was to bring banking laws out of the past into the future and said what a boon to the economy deregulation would be.

Summers belongs in the next jail cell next to Greenspan.

We’re being run by criminals folks.  We elected a front man in Obama.

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By antispin, March 17, 2009 at 3:29 pm Link to this comment

I’m sure the Summers will not read Goodman’s column, or, if he does, will chalk it up to the inability of women to think these things through because of their general lack of “innate ability.”

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By skulz fontaine, March 17, 2009 at 3:12 pm Link to this comment

Dear Ms. Amy:
You make an excellent, if not painful point. “Millions of people who are, apparently, small enough to fail.” That would be EXACTLY how our Congress views ‘we the people’ and that is way beyond abysmal. However and the ‘power-point presentation’ may well show itself soon enough, there is NO American too small that they can’t pack a rifle. Perhaps if the AIG/Wall Street banker/corporate types start getting some cap popped in their venomous asses, the ruling elite will sit up and take notice. I’m not advocating violence. I am however, about goddamned fed up. What the hell are the American people to do? Congress is NOT listening and our new and “fabled” Mr. Precedent” sure as hell is NOT listening and blah blah blah. No one at the helms of government is listening. The economic depression growing on America is NOT the fault of ‘we the people’. Congress under Bush did this. Eight interminably long treasonous years of Bush is responsible for this. Who goes to prison? Won’t be the Bush traitors nor any of the schmucks in Congress. The banker cotillion of thieves seems a likely collective to vent American spleen on. I’m still advocating for an old fashioned guillotine conga. On the National Mall. ABCBSNBCNNMSNBC could televise the event in prime time and we’d all feel so much better. Wouldn’t help the fortunes of the American people but, we’d be rid of the vermin and it would be pleasurably sweet to see clowns like the CEO of AIG never have to worry about his “tie"ever again. Freaking assholes!

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By ShawnAlexander, March 17, 2009 at 3:11 pm Link to this comment

Right on Amy. 80% of AIG is owned by the government? Unbelievable.

I encourage everyone to pick up a copy of Amy’s new book Standing up to the Madness. It’s amazing and uplifting. Her and her brother David have written a book about ordinary people fighting for justice, mostly during the dark Bush years. It reminded me that we cannot be silent. Thanks Amy. Keep it up.

http://tour.democracynow.org/

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