The Crescent Report

September 18, 2008

AIG ‘Bridge Loan’ Another ‘Bridge-to-Nowhere’?

Filed under: American-Politics — Tags: , , , , — Imam Mahdi Bray @ 5:34 pm

American International Group (AIG), is the latest financial giant suffering from the mortgage crisis.

AIG, the world’s biggest insurance company, also just became the beneficiary of the U.S. Government’s latest bailout on Tuesday. 

“The 85 Billion dollar so-called ‘bridge loan’ could very well be another ‘bridge-to-nowhere’ at the expense of the American tax payers. How ironic, the same people in government that denounce welfare for the poor are willing to give welfare to Wall Street. We can nationalize big business but refuse to nationalize good health care. Ain’t that a hoot,” stated Mahdi Bray. 

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