Saturday, November 28, 2009

Bailed-Out AIG Forcing Poor to Choose Between Running Water and Food | Water | AlterNet

Thanks to AIG, some of the poorest residents of rural Kentucky learned you can always be made poorer by corporate villains. In 2005 AIG begain buying up water companies, especially a company named Utilities Inc that held scores of water companies around the country. This is part of a movement of commercializing water utility systems around the world. "We have long considered water infrastructure as an attractive investment opportunity and an excellent complement to [our] existing energy infrastructure portfolio. Utilities Inc. is a leader in this industry and we are pleased that [we have] the opportunity to acquire this business,” AIG Chairman and CEO Win J. Neuger gloated in a press release.

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