Watchdog: Treasury and Fed failed in AIG oversight

Oct 14, 2009 Read more: San Bernardino County Sun
Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators failing to rein in massive bonus payments at American International Group because he led the agencies that provided AIG's lifelines. Read more

Whittier, CA

#1 Oct 14, 2009
nobody failed, everyone who matters got exactly what they wanted. this entire thing was planned from the beginning. all the important people get paid while joe punchclock get hosed. its the history of american big business. we have heard enough stories of corporate irresponsibility to know how corrupt our own governing system is. big business is corrupt because our govenment allows it. "the government" is really just a bunch of individuals with personal and corporate agendas whose constant re-shuffling of laws allows the money making to continue unabated.

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