So, now we know, two thirds of the bail out money which went to AIG between October and the end of December wasn’t intended for AIG at all, but was passed through to others. The list includes Goldman Sachs, Morgan Stanley, Deutsche Bank, Societé Generale, and many others. And, if that wasn’t enough to make you choke on your coffee this morning, there’s the additional fuel of the AIG bonus story. OMG, this is just like totally over the top.
While interviewing Sen. Jim DeMint (R-SC) on his CNN Headline News show last night, right-wing talker Glenn Beck declared that there’s “nobody in Washington that anybody trusts anymore.” Saying that he’d “like oversight” of the money Congress is allocating for the bailout of the financial system, Beck suggested Gen. David Petraeus would be the perfect person to provide the oversight: