Palin says she's disappointed by another bailout

CLEVELAND (AP) -- Sarah Palin says she's disappointed that the federal government needed to bail out another financial institution.

The Federal Reserve is giving a two-year, 85 billion-dollar loan to American International Group, in exchange for a nearly 80 percent stake in the insurer, after it lost billions in the risky business of insuring against bond defaults.

Visiting a downtown Cleveland deli today, Palin said the move is "understandable," but that it's "very, very disappointing that taxpayers are called upon for another one."

She shook hands with police officers and business people. Palin and her husband Todd sat down for a cup of coffee and chatted briefly with some patrons.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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