Follow the Money

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"...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.

From 2001-2004, Jackie Clegg Dodd served as an "outside" director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR. In 2001, in addition to a public offering of 15 million shares of stock that raised $380 million, IPC raised more than $109 million through a simultaneous private placement sale of 5.6 million shares of stock to AIG - giving AIG a 20% stake in IPC. (AIG sold its 13.397 million shares in IPC in August, 2006.)..."

Did anyone wonder ... I know the media never asked BHO or any of the Congressman pushing to save AIG ... but I was wondering - Just what was it that made AIG "to big to fail"? And can anyone explain to me why it's collapes would be the end of civilization-as-we-know-it? There were a LOT of Senators and Reps that were saying this. It must have been true.

Who will bet me that Sens. Dodd & Reid and Reps. Frank & Pelosi will NOT be re-elected? Who doesn't believe that those who vote for them are either profiting from the bailouts or are just too stupid to know when they are being raped?