Friday, March 20, 2009

The Serpent Eats Itself

This report from the States suggests that AIG, the massive ailing insurance giant bailed out and essentially 80% owned by the American taxpayer, is suing er... the American Government aka the American taxpayer. AIG is suing for the return of tax paid on income with money it got from Uncle Sam and, if it wins, it will be paid by... Uncle Sam. Meanwhile the traders who finagled this giant into the shitter are expecting $160m in bonuses. Hmmm can anyone see who's the biggest looser here?
I'm reminded of Kurt Vonnegurt's three laws of life a) You cannot win b) You cannot break even c) You cannot get out of the game. Visionary or what?