Hat tip to John Barr
Americans are justifiably furious about the $165 million in bonuses paid at AIG. But what if, instead of subsidizing only incompetence, AIG had also sent billions of your tax dollars to people who'd laundered money for terrorist states, helped Americans cheat on their taxes and banked for the Nazis?
Well, it did. Earlier this week, AIG revealed that it had paid $5 billion of its bailout money to the Swiss bank UBS.