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$180 billion US government giveaway to one insurance group and counting

AIG bailoutBarack Obama is going to put the US government into its grave! AIG has $61.7 billion loss, new U.S. aid may not be last …AIG is an insurance grouping and lost about $465,000 a minute in Oct, Nov, Dec of 2008, and was a record for a U.S. company, according to Thomson Reuters data. For all of 2008, AIG lost $99.29 billion, wiping out profits dating to the early 1990s. That amount is close to the gross domestic product of Kuwait. Total giveaway ‘relief’ to AIG by Bush and Gerald Barack Ford s now at $180,000,000,000 and still counting! Can you smell “the recovery?”

One thought on “$180 billion US government giveaway to one insurance group and counting

  1. My sense is that AIG is being kept afloat by the US treasury in order to be liquidated eventually. With AIG’s tentacles connected to so many entities around the world, from entire foreign governments to US municipalities and their infrastructures (trains, airports, bridges, etc) to an almost innumerable number of businesses, a full collapse of AIG right now would result in a worldwide financial tsunami of cataclysmic proportions from which we may never recover.

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