Wednesday, March 18, 2009

More on Rule One

The hypocrisy and out right lies by government officials about AIG bonuses astonishes even the most cynical political observer. While their proposed “remedies” make good theater for the 24 hour news circuit, they also cross the line into unconstitutional. But then the whole government ownership of private enterprises is unconstitutional. Read Larry Kudlow today to get a realistic perspective; he may even have the real story tucked away in that column – AIG secretly funneling money to dozens of derivatives including both American and foreign banks.

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