Your Tax Dollars Bail out Robin Hayes' Investments

Robin Hayes is one of the wealthiest members of Congress. I'm sure he appreciates the tax payers who are helping him stay that way by bailing out AIG so he doesn't lose his shirt. Well, for Hayes it would be more like losing a button....not the entire shirt.

Hayes owned more stock in AIG than any other member of Congress. His stock was valued at between $2.8 and $11.5 million. That's a substantial portion of his fortune. Maybe it would be more like losing a sleeve.

Next time you see Robin Hayes make sure he thanks you for bailing out his investment and while you're at it ask him just how much of his shirt you saved him.

Comments

Wow

Does he ever stand up in Congress and say "I cant vote for this cause I own between 3 and 12 million dollars in a company that would benefit from this deregulation?"

I somehow doubt it.

"Keep the Faith"

"Keep the Faith"

HAHAHA!!

Does he ever...? Oh, you slay me!

I would say that if he still has 'AIG' stock, it's almost...

in the penny stock range. Down to just over $2 a share after yesterday.(Wed) But, you bring up a very valid point. Now the government is getting into keeping these 'risky' insurers and dumb loans in business. These people on those boards have endorsed all the de-regulation and none-oversight since the Reagan days. The jobs of the people who do the actual desk work will be lost anyway, but the big financial parasites will still be hanging on with some equity. I suspect this is part of the 'save Bush legacy' before the whole thing goes down the drain.