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Wipeout Merge (stylised as wipE'out mErgE and previously known as wipE'out rush) is a 2021 game in the Wipeout series of games for iOS and Android. The game was announced by publisher Rogue Games on September 16, 2021 and initially soft-launched in several regions throughout late 2021, and launched in the United States in early 2022.

But, as spelled out by New York Times financial columnist Gretchen Morgenson, here's the infuriating twist: Those banks got 100 cents on the dollar for the swaps -- as though the debt was a complete wipeout -- even though many of them did not go into default. And what's more, the banks still own the original investments that the swaps protected. Now, a legitimate argument can be made that those banks were in serious danger because once AIG was on the brink of insolvency, they would have had to cover those debts -- which could have considerably worsened the credit crisis. However, Morgenson argues out that the Federal Reserve -- which is handling the bailout and also is supposed to be finding ways to save the taxpayer as much money as possible -- could have struck a far tougher bargain instead of handing the banks a windfall.

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Now, let's turn to Congress. Not since a federal appeals court ruled in 2002 that the words "under God" in the Pledge of Allegiance were unconstitutional and the Senate voted unanimously just hours after the decision was announced to condemn the ruling has Washington seen a rush to legislate like the efforts to reclaim the AIG bonuses with a special tax. There are no easier votes than bravely standing behind God or taking on a bully who took candy away from some skinny kid.

It's hard to blame Congress for getting in high dudgeon in front of cameras over such low hanging fruit -- but it's a little hard to take when they were at least partly at fault and when far bigger outrages are taking place right under their noses. First, the bonuses were exempted by legislation it wrote and approved -- and if it didn't know it at the time, then that shines a pretty big light on just how tainted the sausage can be when the sausage makers rush. Second, when virtually every member of Congress was wagging fingers of disgust over the bonuses during a questioning of AIG chief Edward Liddy and saying essentially the same thing, where was the outrage -- and more importantly the questions and insistence on transparency -- over the default swaps. The cash at stake in that little soaking of the taxpayer is roughly 140 times bigger than the $165 million in bonuses. ff782bc1db