Upset with AIG? How About Your Bailout Funds Supporting Tiger Woods and Europe's Soccer Stars?
James Warren
When Manchester United, the world's best and most famous soccer team, was creamed at home by arch-rival Liverpool the other day, neither diehards nor drunks packing my favorite Chicago sports tavern at 7:30 a.m. seemed to discern one reason "Man U" was an embarrassing sight.
Emblazoned across its red home jerseys, in letters fit for a NASCAR driver's fire-retardant suit, is "AIG." Yes, that's American International Group, the source of both $170 billion in U.S. government funds and Obama administration dismay, given belated public disclosure of hefty bonuses paid executives.
Of course, President Obama, Treasury Secretary Tim Geithner, acerbic Rep. Barney Frank and others could vent over Man U multi-millionaires Cristiano Ronaldo, Wayne Rooney and Rio Ferdinand being assisted by our taxpayer dollars. But I suspect the elected officials may not even know their names, nor those of equally famous European athletes benefiting from a spanking new deal with Bank of America, another embattled bailout recipient.
Link to con.
Wednesday, March 18, 2009
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