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December 13, 2012


Lord have mercy.

Sell your soul to the devil for a 2.4% annualized rate of return.

AIG was nothing but a slush fund to bail out the banks at 100% on the dollar.

Taxpayers will forever get stuck with the risk from this day forth and the private "Big Five" will always get to reap the reward from this day forth.

But it is not a moral hazard because Bush did it.

I guess I can now sleep at night.

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