Monday, May 14, 2007

You can't spell "Big Dig debacle" without "AIG" - From Fox News: "The workers' compensation insurance carrier for the Big Dig construction project has agreed to pay $58.5 million for excess profits it failed to return to the state, the state attorney general said Monday. American International Group Inc.'s settlement includes $26 million in losses to the state, with the rest in interest. The money will be returned to the Big Dig, which at nearly $15 billion is the most expensive construction project in U.S. history." And counting!

2 comments:

JorgXMcKie said...

Another fine example of our government in action. This is a prime reason we should turn *all* our health care system over to the feds. Everything they touch works perfectly.

Anonymous said...

Actually, these guys were state gov hacks, but the principle characteristic of incompetence is the same nonetheless.