Unreal. The Federal Reserve just agreed to hand over $37.8 billion to vile insurance giant American International Group. You know, to go along with the $85 billion loan bestowed to the troubled insurance screw-ups last month? According to CBS : Under the new program, the Federal Reserve Bank of New York will borrow up to $37.8 billion in investment-grade, fixed income securities from AIG in return for cash collateral. These securities were previously lent......

While we convert our money into gold, porn, and cocaine, check out how local California house members voted on the bailout, which was defeated (29 in favor, 24 opposed) today. In favor: Nancy Pelosi (San Francisco), Jerry McNerney (Pleasanton), Jackie Speier (Hillsborough), Anna Eshoo (Menlo Park), Mike Honda (San Jose), and Zoe Lofgren (San Jose). Opposed: Barbara Lee (Oakland) and Pete Stark (Fremont). The bailout, ideally, would have rescued for the nation's dying financial industry.......