Buying a Pig in a Poke

It seems the Democratically-controlled US Government has gone into the investment business. Look at the results of the bailouts - the government is now controlling investors or partners with many financial institutions. The problem with all this? Aside from it being the opposite of a free market, the new "investors" (AKA Congress) didn't do it's homework. I doubt any of them even looked at a prospectus of any of the firms propped up with taxpayer money, so they didn't know what they were buying.

If someone bought a car from you without test driving it, then came back and complained about it and said they wanted their money back, what would you do?

Congress did just that, and now they complain.

www.dcexaminer.com: AIG bonuses got nod from Fed

"American International Group’s unpaid CEO Edward Liddy said the company’s board has been in close consultation with the Federal Reserve since November about whether to hand out the $165 million in bonuses it issued to its top employees last week."

Political Punch: President Takes Responsibility for AIG (Not Really):

"COSTA MESA, Calif. -- 'Washington is all in a tizzy,' President Obama said at a town hall meeting here this evening. 'It's their fault, it's the Democrats' fault, it's the Republicans' fault. -- Listen, I'll take responsibility. I’m the president.'

In the next breath, the president said, 'We didn’t grant these contracts, we've got a lot on our plate. But it is appropriate when you're in charge to make sure stuff doesn't happen like this.'

But the president said, the point isn't to assign blame but to solve the larger issue."