Letter to the SD Union-Tribune (unpublished):
While the AIG witch hunt continues, the real villains go unnoticed. Why hasn't the government allowed AIG to fail? Where have all the bail-out billions gone anyway? Let's see -- to whom did AIG owe money? Goldman Sachs is top of the list, and Goldman's CEO Lloyd Blankfein was present when the Feds made the decision to save AIG. Rescue Czar Hank Paulson also was once top chief at Goldman. Not surprisingly, a large majority of rescue money has passed straight through AIG to Goldman and other connected financial institutions. The fix was in.
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