AIG Is Back!
posted by Judith Stephens
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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November 10th, 2008 at 6:24 AM
[...] Insurance giant American Insurance Group (AIG) is Back! Begging. Well, not really begging. Playing its Mo Money cards Read more [...]
November 10th, 2008 at 8:12 PM
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
July 12th, 2010 at 11:17 AM
That must have been hard.. Well, the government always get what they wants…
August 28th, 2010 at 12:15 AM
we are doing our part, and the government MUST do their part also.