Graphic: Anatomy Of US Financial Corporatism-The AIG Way

Here is an interesting graphic on AIG's bailout.

Joe Weisenthal and Kamelia Angelova from the Business Insider,

``Confused about the ongoing AIG controversy?

``Don't be any longer.

``Professor Linus Wilson has put together this helpful chart showing exactly how the bailout went down, complete with which banks got how much.

``Two things stand out: The Treasury's overpayment for preferred stock was a crucial part of the bailout, and though Goldman Sachs is usually held up as the bad guy here, SocGen received $2.5 billion more.

``Hope the Europeans appreciate your (the taxpayer) ponying up."

Here is John Stossel on what could be described as crony capitalism or corporatism

``What is crony capitalism? It's the economic system in which the marketplace is substantially shaped by a cozy relationship among government, big business, and big labor. Under crony capitalism, government bestows a variety of privileges that are simply unattainable in the free market, including import restrictions, bailouts, subsidies, and loan guarantees...

``If free-market capitalism is a private profit-and-loss system, crony capitalism is a private-profit and public-loss system. Companies keep their profits when they succeed but use government to stick the taxpayer with the losses when they fail. Nice work if you can get it.