Monday, March 2, 2009

AIG - A Black Hole For U.S. Taxpayer Dollars

As AIG is about to report the largest quarterly loss in history, the U.S. government is getting ready to pour even more money down that financial black hole.

So far the U.S. government has wasted 150 billion dollars trying to keep AIG afloat.

But apparently that is not enough.

Now AIG wants more.

This time it is being reported that AIG is going to get 30 billion dollars from the U.S. government.

So will that be enough?

How many more bailouts will AIG need?

Will AIG keep losing 60 billion dollars every quarter?

If so, will the U.S. government just keep coming to their rescue?

No comments:

Post a Comment