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• The Business Insider

That AIG is a giant sink-hole for taxpayer dollars is no secret now. But that's not what Washington communicated last year, maintaining that the bailout of AIG was an investment that would be paid back. New documents show, however, that Washington never really believed what it was saying, and that the "this is an investment" rhetoric was just to make the gigantic bailout more palatable. Conservative watchdog group Judicial Watch just dug up some juicy Treasury documents on Washington's bailout of AIG.

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