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.
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The full episode
1 of 3Is It Time to Cease Fire in the War on Drugs?- 1:48Government Tries to Keep AIG AfloatYou’re reading this
- 7:46Is It Time to Cease Fire in the War on Drugs?
- 43:29Chinese Bidder Refuses to Pay for Looted Art