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AIG Needs More Party Money!


cavanami

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http://news.yahoo.com/s/ap/20081110/ap_on_bi_ge/aig_bailout

 

Looks like AIG needs another $400K++ for another party!Last time they got "bail out money" they threw a $400K party...farkin bastards!!!

 

WASHINGTON â?? The government on Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership.

 

The action, announced jointly by the Federal Reserve and the Treasury Department, was taken as it became increasingly clear that an original financial lifeline thrown to AIG in September would not be sufficient to stabilize the teetering company. All told, the moves boost aid to the company to around $150 billion.

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I heard, but have no proof, that credit card companies etc. are claiming that a lot of people have defaulted on their loans and that the credit card companies need to be bailed out. So far, everything sounds about right but what the credit card companies plan to do is to continue to collect on the loans even after the government has in effect paid them for the bad loans.

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