Not Enough Money in The World For AIG
In the mother of all insurance bailouts...
AIG took an emergency $85 billion lifeline from the Fed on Sept. 16 and a $37.8 billion facility last week...
and has already used two-thirds of its $122.8 billion credit line in the past month to cover bad bets made on the U.S. housing market.
AIG may seek a third source of government cash by tapping a Federal Reserve program that buys commercial paper for $10 billion.
The Nattering One muses... as Nattered before, we GUARANTEE...
the US government will NOT see a PENNY of any money "lent" to bailout AIG, let alone a return.
After the election, AIG will go BK and US taxpayers will foot the bill.
AIG took an emergency $85 billion lifeline from the Fed on Sept. 16 and a $37.8 billion facility last week...
and has already used two-thirds of its $122.8 billion credit line in the past month to cover bad bets made on the U.S. housing market.
AIG may seek a third source of government cash by tapping a Federal Reserve program that buys commercial paper for $10 billion.
The Nattering One muses... as Nattered before, we GUARANTEE...
the US government will NOT see a PENNY of any money "lent" to bailout AIG, let alone a return.
After the election, AIG will go BK and US taxpayers will foot the bill.
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