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Friday, March 20, 2009

The Iowa Republican: Washington shares guilt in AIG outrage

Excerpted from this post at The Iowa Republican

By Iowa Congressman Tom Latham, Iowa's 4th Congressional District...
American taxpayers are once again being played for fools on Capitol
Hill as the president and members of Congress shed crocodile tears and
gnash their teeth over the fact that American International Group
(AIG) used part of its $170 billion grant from the Troubled Assets
Relief Program (TARP) for hefty employee bonuses. As you know, the
TARP was created last fall and is often referred to as the Wall Street
bailout. For those of us in Congress who voted against creating the
Wall Street bailout-TARP mess, this theater of the absurd is playing
just as we had predicted last fall.

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Mike Schramm
Andy Szal

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