AIG needs another 30 billion dollars
Posted by admin . Published on 06 March 2009, Received
Last year AIG said that it needs 60 billion dollars from the government to avoid bankruptcy, which the Bush administration gave sincerely with no questions. Within months of receiving and swallowing that amount, AIG again asked for another 110 over the next few months, under the pretext that the real estate melt down and job losses has lead to lot of bad loan write offs.
Now, AIG wants another 30 billion dollars from the new Obama administration, which might eventually be paid. We can at best expect Obama and team to seek a management change in AIG before disbursing the tax payers money.
Oh, God save AIG and US citizens.
