So another $61 billion dollar loss for AIG and the government runs in to add more TARP money. If that is not enough the gurus are now re-setting all the taxpayer debt to illuminate ALL interest. The total US Taxpayer exposure to the knuckleheads at AIG is now over $161 BILLION dollars.
What's next for AIG??? They will need to split up the company, sell all foreign assets and spin off the remainder units...I thought that was the original fear of what would happen to AIG if the government did not put in money???
To Big To Fail!! That was the rallying cry...now we are were we should have been back in September, but now we have billions at risk...who is running this run-a-way ship???
STOP THE MADNESS..
posted by Peter Greene
10 Weekend Reads
20 hours ago
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