AIG Gets Additional $40 Billion From You
Congrats, taxpayers, you're about to own $40 billion more of A.I.G. [NYT]
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Comments:
Whoa whoa! Where the hell did this come from? The last thing I remember AIG was being lambasted for taking spa trips and hosting parties on the taxpayer's dime, now we're giving them MORE money?!
Who's the idiot that ever said our politicians reflect the wishes of those who elected them? When's the last time we removed a politician from office for performing poorly?
Democracy and "for the people" my ass...
I have yet to hear of any progress on the free refinancing for those facing foreclosure. let AIG fail, fund non-profit agencies to refinance their loans, that way real concerned banks will buy the mortgages that are now stable.
Somehow our government is finding ways to deliberately avoid or find reasons why common sense will not work.
The problem stems from these messed up loans, fix the loans!
@Gstein: Yes the first part was a loan. This latest money came with the price that the government gets a stake in the company.








Ugh. Great. We own more of a failing business. What's that do for us besides cost us more money? I know it gets the AIG execs another trip to Tahiti.