See Global Analysis for more information. The primary motivation of the bailouts is to keep these financial companies out of bankruptcy and away from the prying eyes of bankruptcy trustees, who would expose hundreds and hundreds of things just like this. - Ed.
No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company's favorite recipients of campaign contributions. But it turns out that Senator Dodd's wife has also benefited from past connections to AIG as well.
Read more @ RealClearPolitics
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