“AIG Bonuses Scandal: CEOs Take Our Billions and Are Accountable to No One” by Robert Reich
March 15, 2009, 1:00am

Even with a new administration dedicated to doing it all differently, Americans still have little say over what is happening with our money.

The real scandal of AIG isn’t just that American taxpayers have so far committed $170 billion to the giant insurer because it is thought to be too big to fail — the most money ever funneled to a single company by a government since the dawn of capitalism — nor even that AIG’s notoriously failing executives, at the very unit responsible for the catastrophic credit-default swaps at the very center of the debacle, are planning to give themselves over $100 million in bonuses. The scandal is that even at this late date, even in a new administration dedicated to doing it all differently, Americans still have so little say over what is happening with our money.

From AlterNet

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