Saturday -- May 19, 2012

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AIG Is Back!

by at 4 Comments

iStock_000005123730XSmall Insurance giant American Insurance Group (AIG) is Back! Begging. Well, not really begging. Playing its Mo Money cards.

As predicted here less than a month ago, AIG is asking for another government handout. Or is it a hand up?

The ante up amount is $40 Billion more. The government is hedging this questionable move with it’s an equity infusion. We the American public are going to buy shares in this corporation. Doesn’t everyone in their right mind want to buy stock in what is apparently a poorly-managed and inefficiently-run corporation. A corporation that will need more emergency funding in the near future.

Total Expected Handouts to AIG to date = $150 Billion. Wow.

Are we enabling incompetence? Hmm.

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Filed Under: Financial Crisis, Money Tagged With: ,
  • http://www.howtomakecomputerfaster.net/ speedupyourcomputer

    we are doing our part, and the government MUST do their part also.

  • http://elpasodivorce.org/ Joe@El Paso Divorce

    That must have been hard.. Well, the government always get what they wants…

  • Jason

    The AIG bailout is small change and means nothing to the Fed. The Fed is transparent in that it is subject to the oversight of Congress. Is twice a year not fast enough? The intent of Congress in shaping the Federal Reserve Act was to keep politics out of monetary policy. Legislation requires that the Federal Reserve reports annually on its activities to the Speaker of the House of Representatives.

    http://nomedals.blogspot.com

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