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AIG bonuses: just a cover for tens of billions to their counterparties? - 03/17/09
That's what disgraced former New York governor Eliot Spitzer thinks (link):
Everybody is rushing to condemn AIG's bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?