Yes, and Warren Buffet who lobbied Congress vehemently for AIG’s bailout
in that critical period, to salvage his already huge holdings in Goldman Sachs
stock, made off better than any Mafioso by investing even more in new Goldman
Sachs premium stock once he knew the federal government was going to do his
bidding—save Goldman Sachs via rescuing AIG. And he is touted as a
financial guru? And the government is now investigating and
prosecuting smaller players for insider trading, who made petty profits from
their insider trading relative to the big players like Warren Buffet? Our entire
nation would be better off had the financial thugs on Wall Street, including big
players like Buffet, been allowed to fail—Wall Street would have rightly
suffered then rather than such immense suffering due to their greed being passed
on to the already-victimized main street.
It was reported recently that after all was said and done, the bailouts done by
the federal government were likely to turn a profit. That has just been
confirmed, as part of the last of the government's stake in AIG was
recently sold making for almost $18 billion in profit from the AIG bailout.