Bush’s Federal Reserve Socializes AIG

The Federal Reserve has agreed to bail out AIG with an $85 BILLION loan in exchange for a 79.9% stake in the mega-insurer.  Thanks to George W. Bush, Helicoptor Ben Bernanke and Henry Paulson, the United States is at last a socialist nation – so long, of course, as one has millions of dollars in illiquid assets. And if you think that you're going to see one red cent should the economic geniuses make AIG profitable, just remember: the Bush family only socializes the risk, not the return…

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