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Friday, October 31, 2008

Financial world watchers

Thanks to Betty for sending this jaw-dropping item along: AIG is apparently rapidly careening through the $123 BILLION (that would be $123 thousand millions) in taxpayer dollars that it got in the bailout plan, but funny thing...: " A.I.G. has declined to provide a detailed account of how it has used the Fed's money...The internal auditor resigned and is now in seclusion, according to a former colleague. His account, from a prepared text, was read by Representative Henry A. Waxman, Democrat of California and chairman of the House Committee on Oversight and Government Reform, in a hearing this month." Oh, honey buns, you can RUN, but you can't HIDE.

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