The Byproducts of the War on Iran
Iran’s control of the Strait of Hormuz affects not just oil and fertilizer, but also the many oil- and gas-based inputs essential to everyday goods.
AIG gets $170 billion from taxpayers. Taxpayers now own 80% of the company. Company hands out hundreds of millions in bonuses. Congress and Treasury claim they had no idea and can't stop the payments. Congress announces new taxes to recover most egregious bonuses (e.g. million dollar "retention" payouts to people that have left). And now this. The company is suing the federal government to get $306 million it paid after being busted for illegal use of offshore tax shenanigans. A government-owned company is suing the government to get back tax money it paid for not paying its taxes, and is using taxpayer money to pay the lawyers.
My head hurts.
From the NYT: