Which Way, L.A.?
Could AIG Wreck the Global Economy?
American International Group, the world’s largest insurance company, got $150 billion in federal bailout money in the last quarter of 2008 and still lost $62 billion. The Obama administration has promised AIG $30 billion more. Today an angry Senate Finance Committee threatened not to go along, unless it finds out where that federal money is…
By Warren Olney • • 1 min readAmerican International Group, the world’s largest insurance company, got $150 billion in federal bailout money in the last quarter of 2008 and still lost $62 billion. The Obama administration has promised AIG $30 billion more. Today an angry Senate Finance Committee threatened not to go along, unless it finds out where that federal money is going. Where has all that taxpayer money been going? Is there an option to pouring in billions more?
Listen to the discussion about AIG (and find links to guests and additional resources) on this rebroadcast of
