“There are a lot of terrible things that have happened in the last 18 months, but what’s happened at A.I.G. is the most outrageous,” Lawrence H. Summers, an economic adviser to President Obama." A.I.G. Lists the Banks to Which It Paid Rescue Funds - NYTimes.comThe populist anger over the millions of dollars paid in bonuses with OUR money at AIG is going to pale in comparison to what we're finding out now. AIG spent BILLIONS of dollars in bailout money paying banks that traded primarily in subprime mortgages so that they wouldn't lose money (gasp!). These banks targeted populations that historically have not had access to mortgages (poor, often of color) and offered them mortgages with ridiculously high interest rates, but often at initial interest rates they could afford ("ballooning interest rates"). David Harvey, a social geographer, has maps of how Deutsche Bank, which received $12 BILLION of taxpayer money from AIG, targeted black communities in Cleveland. So Deutsche Bank and the others tried to profit off the poor and when their gamble failed, rather than letting them lose money (gasp!), we let people lose their homes and their futures (no gasp). By now you should know the drill. Our feckless President is outraged. Our toothless Congress is outraged. And as usual, we've been robbed.