AIG’s big bailout
The Fed just bailed out AIG to the tune of $85 billion. The Fed now has an 80% stake in the insurance group and taxpayers are again on the hook. I wonder if this is the September revamp talked about in July and I wonder whether we can go collect the $47 million severance pay then given to former CEO Martin J. Sullivan.
[...] Lady Liberty: I wonder if this was the September revamp talked about in July [...]
Aig Roundup | Politics - Sharpy News said this on September 17, 2008 at 11:50 am |
This is exactly why I part company with those who say this year’s retroactive tax cut is a bad idea. Screw that noise. You want your twelve hundred bucks back? Or would you rather fork it over to the newly nationalized AIG?