PRESS RELEASE

LIBERTARIAN U.S. SENATE CANDIDATE
BUCKLEY COMMENTS ON AIG BAIL-OUT

Atlanta, Georgia – September 17, 2008

Today, The Atlanta Journal-Constitution reported the federal government (i.e. taxpayers) will bail-out AIG, a large insurance company. This bail-out follows the Bear Stearns taxpayer bail-out and the Freddie Mac and Fannie Mae bail-outs.

Federal bankruptcy laws exist that permit troubled companies to work out their financial problems over time.

Recently, the major U.S. automobile manufacturers have made it known that they will soon be seeking loans from the federal government.

Allen Buckley, the Libertarian Party’s U.S. Senate candidate, said the following about the AIG bail-out: “Like the Bear Stearns bail-out, the AIG bail-out is wrong. The taxpayers should not bear any expense or risk due to the failure of a private for-profit entity. The ‘heads the shareholders win, tails the taxpayers lose’ mentality of the Congress, the Treasury Department and the Federal Reserve must stop.”

Mr. Buckley’s website is www.buckleyforsenate.com. He can be reached for comment at (404) 962-1042.