Let me get this straight: We give money to rescue failing AIG group, an American business. AIG then gives much of the rescue to its European partners. Then, the Fed Vice Chairman reveals the names of the European companies who got aid from AIG, saying to "Be wary of AIG." That, in turn, should cause AIG to fail, or at least not recover fully. Will AIG require another bailout based on the Fed's comments?
Jesus, can't we get some people in Washington who know what they're doing?
Top U.S., European Banks Got $50 Billion in AIG Aid - WSJ.com: "In a Senate Banking Committee hearing in Washington on Thursday, Fed Vice Chairman Donald Kohn declined to identify AIG's trading partners. He said doing so would make people wary of doing business with AIG."
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