AIG may have written default swaps on Chrysler and GM

When questioned about AIG's history of writing default swaps for the Detroit car companies CEO Ed Liddy responded, "I don't know?"...  Why is this question so important?  This may be another back door bailout in the making.  How did Obama get all the major banks to agree to give up their debt in Chrysler?  Simple. Their money was guaranteed by AIG through a credit default swap, which our government bailed out 100%, which means the treasury paid back the banks for their "cooperation". Read.

Dear EVR: We quit!

op-ed from the NYT yesterday from an employee of AIG who filed for his resignation after giving his bonus to charity.  I think it was the right thing to do, however, all employees at AIG have to understand one thing:  the taxpayer kept your company from bankruptcy!  when a company goes bankrupt all employees lose more than their yearly bonus, they lose all their retirement savings (that is tied up in the company).  So don't act pissed that you had to give up one years salary, you are getting to keep your lifetime savings in tact.