Ms Pam over at Pam's Houseblend wrote a great piece on the AIG bailout:
Read it here.
Remember this lesson folks: when average Joes and Janes lose their jobs and homes due to this economic meltdown it's a correction; when a corporation of the size of AIG runs itself into the ground is deemed "too big to fail" and it gets to suck on the government teat. They break it, you own it.
“It is, perhaps, ironic in an age when, across the country, police cameras capture and ticket red-light-runners, and many traffic stops are videotaped from the dashboard of a squad car. “Well, all of a sudden when the shoe is on the other foot, it’s, ‘Wait, wait, there’s an intrusion of the wiretap act,’” says Paul Hetznecker, a Philadelphia civil rights lawyer.