Don’t Pay Your Mortgage
It’s a sucker’s game if you can get the President to think of it as an outrage that requires the government to tear up contracts after the fact. Of course, a significant part of the problem here is that the government didn’t do its job. They didn’t check to make sure this wouldn’t happen. Guess the only question I have is when will President Obama ask Secretary Geithner to fall on his sword for him?
AIG executives gave more than $630,000 during the 2008 political cycle even as the company was falling apart According to the Center for Responsive Politics, which tracks campaign finance reports, more than $120,000 of that money was donated after AIG received its first $85 billion in federal bailout funds in September.
Obama collected a total of $130,000 from AIG in 2008, while McCain accepted a total of $59,499.
Based on all the bailout money that AIG has been getting lately, I think President Obama can honestly say he’s earned that money.
Note: An earlier version left out the phrase, “ask Secretary Geithner”, don’t know what happened, it was in an earlier draft. Must have deleted that portion by accident.