The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Breaking: More Pay to Play. AIG Gave NY Democrats $100k before historic loan!

Posted by iusbvision on March 19, 2009

WNBC:

New York campaign finance records show American International Group donated $100,000 to the state Democratic Committee just before Democratic Gov. David Paterson and his insurance superintendent launched marathon sessions to prop up the embattled insurer.

The contribution was made Aug. 29. Insurance Superintendent Eric Dinallo started negotiating with AIG and federal officials within about two weeks.

On Sept. 16, Paterson announced the “great news” that New York officials helped the giant insurer strike a historic loan deal with the Federal Reserve to keep AIG afloat.

Spokesmen for the state Democratic party, Paterson, Dinallo and AIG had no immediate comment Thursday.

The state’s effort is credited with giving AIG time to survive.

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