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Sorry Spectacle of Team Obama ?Peace With Honor? With AIG

By Implode-Explode Heavy Industries

``Let?s not kid ourselves: all this fancy financial footwork is to divert public attention from the fact that AIG will deliver big losses to the taxpayer. The latest Congressional Oversight Panel report contained estimates of losses on the AIG financing, with estimates from separate government sources ranging form $36 to $50 billion. Do you see this acknowledged ANYWHERE in the New York Times, Bloomberg, or Wall Street Journal? ''

Full post as published by Mortgage Lender Implode-o-Meter on September 29, 2010 (boomark / email).