This is just too much, AIG bailed out
September 17th, 2008
AIG, beaten on its insurance and credit portfolio will now be bailed out to the turn of $85 Billion of government money. This comes after Merrill Lynch is sold and Lehman Brothers starts brokering its assets for liquidation. The government has provided billions of liquidity through Fed rate cuts, bailouts and even an economic stimulus yet the outlook remains bleak. This is now the second time in one week that federal money was used in a bailout. Read more…
