To the Point
Government Tries to Keep AIG Afloat
The insurance giant American International Group posted the biggest quarterly loss in American history during the last three months of last year, $62 billion. That happened even with $150 billion in taxpayer assistance. Today, the Treasury Department said AIG will get $30 billion more , and it's likely there will be more to come.
By Warren Olney • • 1 min readThe insurance giant American International Group posted the biggest quarterly loss in American history during the last three months of last year, $62 billion. That happened even with $150 billion in taxpayer assistance. Today, the Treasury Department said AIG will get $30 billion more, and it's likely there will be more to come. Joe Nocera is a business columnist for the New York Times.
