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Monday, March 23, 2009

AIG crisis

It was once the world's largest insurance company. AIG told gov that "The failure of AIG would cause turmoil in the U.S. economy and global markets and have multiple and potentially catastrophic unforeseen consequences."

Hey, I know many of you claim that finance is boring, but the tab to bailout AIG is now $1,400 for every american. This AIG crisis is the sad reality we live in. My prediction is future execs (executives) are going to continue to ask for bailouts.