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Bank bailouts … sometimes you get what you need (at least in Ecuador)

9 January 2013

Not exactly Mexico-related, but did you see this?

Remember when AIG took a $182 billion bailout only to turn around and hand out seven-figure bonuses to the same guys who tanked their company?

Grab the pitchforks — it gets better.

Now the insurance organization might join a lawsuit against the U.S. government over the terms of the bailout — saying the deal that saved the company cheated shareholders.

Ecuador, which also has gotten a “fuck you very much” from their bailed out bankers, has responded beautifully… as in “be careful what you pray for… you gonna get it”:

One Comment leave one →
  1. 9 January 2013 6:11 pm

    That was the BAD news. The GOOD news is that today, AIG issued a press release saying that they would not enter such a suit under any conditions.

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