That's because AIG got another $30B
Posted By: Backwards typist on 2009-03-02
In Reply to: Another Obama day.. Another Dow tank.. Where's your messiah now? - nm
They have to quit giving this company money. They aren't getting anywhere with all the money they are being given. They have to let them drown.
I checked with my insurance company, a subsidiary of AIG. Anyone who has life insurance or insurance with annuities are okay because there is a separate fund set up and AIG's black hole will not affect these policies. They are guaranteed.
It's AIG's mortgage division and other so-called deals that got them in this trouble. Now, with getting all this bailout money (that they are supposedly mustpay back), they don't have much choice but to claim bankruptcy. The sooner the better.
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