Wednesday, March 18, 2009
That's a lot of shit!
From McClatchy we get this figure for the size of AIG's shitpile.
Liddy also offered lawmakers a hard number that's long been the subject of speculation. He said the face value of the transactions made by its Financial Products division that still haven't been unwound — or paid off — is $1.6 trillion. That dwarfs the roughly $100 billion of taxpayer money that flowed back through to investment banks, hedge funds and other financial players to pay off bad bets by AIG.I'm not sure that, if we taxed every Republican every dollar they ever stole, we could pay that off before the end of Obama's second term.
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