American International Group (AIG) ignited a national firestorm of rage when it shelled out at least $165 million in bonuses to its tainted executives. But what has gotten almost no attention is a big reason that AIG had to stiff the government and everyone else. That’s the role that the company played in the subprime loan racket – a racket that hurt tens of thousands of black and Latino would-be homeowners. From: news.newamericamedia.org

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