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CONSTRUCTION BONDS….Andrew Sullivan is amused by a CBS report that Sarah Palin actually answered a question from the press today, “prompting concerned looks from staffers.” I can well imagine. However, I’m more perplexed by the answer itself:

“Disappointed that taxpayers are called upon to bail out another one. Certainly AIG though with the construction bonds that they’re holding and with the insurance that they are holding very, very impactful for Americans, so you know the shot that has been called by the Feds — it’s understandable but very, very disappointing that taxpayers are called upon for another one.”

Construction bonds? What is she talking about? Maybe performance bonds? Not that that makes any more sense. What’s more, I’m pretty sure that AIG’s consumer and commercial insurance business wasn’t in any danger. So why focus on that? I mean, if you’re only going to give the press a single sentence, why not spit out something about counterparty risk and leave their jaws hanging?

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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