Wednesday, September 17, 2008

Palin's first press question

When asked about the AIG bailout, Palin's answer was:

“Dissapointed that taxpayers are called upon to bailout another one,” she said. “Certainly AIG though with the construction bonds that they’re holding and with the insurance that they are holding very, very impactful to Americans so you know the shot that has been called by the Feds its understandable but very, very disappointing that taxpayers are called upon for another one.”

Along with the answer being utterly incoherent... I'm not aware that AIG held any significant amount of construction bonds (at least construction bonds aren't the problem- it's their credit default swaps). Also the bailout was handled by Hank Paulson of the Treasury Department and Ben Bernanke of the Fed (not "Feds"- if you want to be second in command of the Federal Government you need to know what things are called).

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