Plunderers of the Poor

Remind me, please, why it was so necessary to bail out AIG at 100 cents on the dollar and to allow them to hand out huge-ass bonuses to the crews of those financial pirates. I am not really seeing a reason as to why we shouldn't have instituted a financial version of the Terror:

Middlesboro and Clinton are two tiny, impoverished towns in southern Kentucky with a combined population of 12,000. In 2008, Middlesboro's per capita income was $13,189 a year, only a few hundred dollars more than the average worker earned in third-world Mexico. That is if they were lucky to even get a job. Real unemployment hovers somewhere around 30%, and the state is so broke that half the people eligible for unemployment benefits can't receive them. Life may be tough and most people live in poverty, but that doesn't mean they can't be made a little poorer. That's the lesson locals learned after bailed-out insurance villain AIG took over their water utility and instantly raised rates to squeeze an extra $1 million in profits out of its new customers, forcing some to consider choosing between running water and food.

I know, "capitalism" and "free market" and so on. But there is no such thing as a free market in the supply of water and sewage services. Those utilities around the nation (and, for that matter, our roads) were built by public companies with public money. To now allow a bunch of vampiric pirates, such as AIG, to fatten themselves on the bones of those least able to pay is beyond immoral.