The AIG Bailout Crime

//www.lewrockwell.com/rozeff/rozeff253.html

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Time to pull the plug on AIG

Fox News Forum
by Phil Kerpen

02/25/09

The once-great insurance behemoth American International Group, or AIG, is now the living dead. It lives only because of massive taxpayer life support that is because of bailout after bailout of ever-increasing size. It started with a $85 billion bailout in September of 2008, which seemed outrageously large until taxpayers were forced to up the ante to $150 billion in December! The federal government now owns eighty percent of AIG, and is positioning taxpayers to make potentially unlimited future bailouts if AIG isn’t wound down. In spite of all this taxpayer largesse, AIG is set to announce the biggest quarterly loss by any company in history on Monday — a $60 billion loss — and beg for more tax dollars. Can we finally say no?

//foxforum.blogs.foxnews.com/2009/02/25/kerpen_aig/


Informant: Thomas L. Knapp



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