The ongoing debacle that is the AIG bailout has entered a new phase. Outrage to follow. The latest admission from the (defunct yet living) company is that
AIG Bonus Bombshell Raises New Questions About Goldman Sachs - The Huffington Post
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Politicians knew about the bonuses. AIG FP was highly regulated. The positions were hedged every night.
When insurance giant American International Group Inc. imploded last fall, the firm's problems were quickly blamed not on its core insurance business but on an obscure operation that traded exotic mortgage securities.
Dems Investigating Bush Administration Role In AIG Collapse - The Huffington Post