Monday, March 2, 2009

Cascading Dow---AIG Get's 4th Bailout

Wall Street took the news of yet another cash infusion into AIG dimly as the feds have agreed to throw more money at the insurance giant.

Totaling losses of $100 Billion Dollars in 2008 the Obama Administration has now put more taxpayers funds at risk while at the same time AIG is attempting to restructure their previous bailouts to prevent credit rating downgrades.

On the 07 October, I wrote here that after AIG's first federal bailout,
AIG Executives spent $440,000 at a posh CA resort.

Where do the bailouts end ?

More here Dow Plummets 300 pts. on news of AIG 4th Bailout