March 22, 2009

AIG Political Donation For Bailout Scandal In New York?

Forget the faux outrage of the Democrats over bonuses they knew about in advance and even wrote into the bailout legislation. I want to know about AIG making political donations to Democrats at the same time they were about to get bailout money.

New York's Republican Party says the Democrat-controlled state government is ignoring calls for an investigation into a $100,000 donation to the state Democratic Party from American International Group days before officials initiated the bailout of the insurance giant.

State Republican Chairman Joseph Mondello accuses Democrats of a duck-and-cover response to disclosure of the donation, first reported Thursday by the Associated Press.

This wasn't a run-of-the-mill donation. It was the largest AIG donation to the Democrats in a decade. I don't know about you, but I'd sure like to know what other state Democrat parties received such unusual donations from a company in such terrible financial shape that they needed a massive infusion of cash at the same time. Did any AIG funds go to the national Democrat apparatus?

And let's be clear what the problem is here -- New York state gave AIG a huge infusion of taxpayer cash right after the donation was made. Both the executive and legislative branches of that state are in the hands of the Democrats. It sure looks like a quid pro quo -- and now the Democrats in that state are unwilling to examine the circumstances of the donation and its propriety.

Posted by: Greg at 01:43 AM | No Comments | Add Comment
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