Government bails out AIG — UPDATE
How do you feel about this one? More than $80 billion of our money — taxpayers — is going to help bail out insurance giant AIG.
If you or I were in financial trouble, think the government would give a hoot?
The claim: AIG is so large that a complete shutdown or bankruptcy of the firm would be catastrophic to the global economy. I find that a bit out of skew, personally.
Click here for the latest.
Also, the Arkansas Insurance Commissioner discusses AIG’s bailout with the Talk Business Blog in Little Rock. Click here.
**UPDATE** Meanwhile, the market continues to tank. Click here for more.