Tuesday, January 12, 2010

AIG Bailout Facts Remain Secret

The Obama administration pledged transparency in government. But there's clearly no transparency in this.

The terms of the government bailout of insurance giant AIG will remain secret - perhaps for another 18 years - under terms of an agreement reached last year with the Securities and Exchange Commission.

Remember, we're talking about 10s of BILLIONS of taxpayer dollars spent to relieve the collapsing financial industry that has little regard for residential mortgage holder's problems today.

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