The truth is, AIG has been bailed out so much due to political reasons. If they fall, the congressmen themselves risk losing money, as do their families, their constituents, etc. AIG was propelled by American money, so congress was afraid to let it fall- they might not get re-elected down the line, etc. A company like Lehman Brothers didn't concern them because their money was owed primarily to foreign constituents (mostly Japanese interests).
SO now it's as if the lawmakers and AIG all got caught with their pants down. Sickening!
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Date: 2009-03-17 08:12 pm (UTC)The truth is, AIG has been bailed out so much due to political reasons. If they fall, the congressmen themselves risk losing money, as do their families, their constituents, etc. AIG was propelled by American money, so congress was afraid to let it fall- they might not get re-elected down the line, etc. A company like Lehman Brothers didn't concern them because their money was owed primarily to foreign constituents (mostly Japanese interests).
SO now it's as if the lawmakers and AIG all got caught with their pants down. Sickening!