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Monday, March 9, 2009

Aig Bailout: Why Is The AIG Bailout Money Being Given To Banks?

Aig Bailout: Why Is The AIG Bailout Money Being Given To Banks?:
"The problem, of course, lies in the fact that AIG had written insurance policies that far outweighed its total assets — even at its peak. So bailing out AIG means that taxpayers are bailing out its customers, says the New York Times."

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