Essay/Commentary: "AIG or P-I-G?"
A little over a year ago financial behemoth AIG, whose greedy actions nearly destroyed our economy and our way of life received a no strings involved financial bailout for supposedly being "too big to fail". I don't know the exact amount, but I know it was over a billion dollars. Since it was a no strings attached bailout, they abused the privilege by handing out bonuses rather than for what the cash infusion was really intended for. Now, AIG is apparently considering filing a lawsuit against the Federal government (kind of like indirectly suing the taxpayers of this country) to evidently get even more money, while screwing over the average person (especially those poor souls undergoing home foreclosure). According to a website of Massachusetts Senator Elizabeth Warren AIG deserves to lose its tax beak privileges. As far as I'm concerned, they should have forfeited such privileges a long time ago. Also, there is no such thing as "too big to fail". A lot of companies (such as Enron) have gone bankrupt or extinct. We'd all be better off if such companies were broken up or dissolved, and the greedy few at the top should be denied all perks, bonuses, and so-called "Golden Parachutes".
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