It's obvious that AIG does not give one fig about our money. I learned today that they paid the credit default swap claims in full even though the claims stemmed not from a default on the insured securities but because AIG's credit rating was lowered.
One would think that if it were your money, you would try to negotiate a lower payment as the underlying security is still good. Apparently, AIG did not consider that as it was our money, not theirs. I wonder how much influence can be attributed to the fact that one of the parties paid in full was Goldman Sachs, Paulson's former firm.
Geithner should resign and we should sue AIG. It is true - truth is stranger than fiction.
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