Monday, October 27, 2008

U.S. Chamber: "Lawsuit Abuse" Caused Financial Crisis

The U.S. Chamber Institute for Legal Reform claims "lawsuit abuse" has caused the current economic crisis, in an email blast sent 10/23. The U.S. Chamber would have us ignore its role in pushing less oversight, regulation and accountability on behalf of corporate wrongdoers, and would have us overlook, for example, its contribution of over $23 million from bailed-out insurer AIG. Note too that the U.S. Chamber spent $30 million in lobbying expenses in the last quarter alone, part of which was used to push for passage of the $850 billion financial "rescue" package.
Earlier this month, the AAJ released an issue brief on U.S. Chamber’s role in the current financial meltdown, and exposed payments to it from AIG.

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