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Normally, that would result in the insurer going bankrupt, an orderly proceeding in bankruptcy court to distribute AIG's assets, and Goldman's recovering only a portion of the insurance payout on the crappy products. When the government steps in to save the very financial institutions that poisoned the nation's financial system with contaminated securities and derivatives - all while the bankers get to keep the fees and bonuses on their bad bets - we are not talking about a free market.
Obama Is Owned-You Can Bank On It Ann Coulter Human Events; Feb 15, 2010; 66, 7; Docstoc pg. 5 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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