Here’s the score – AIG was bailed out for 80 Billion originally. Now the price tag is over 170 Billion.
Guess what? AIG has used some of that money for lavish corporate parties – which is really the side issue to the fact that their bailout money has given them an unfair edge in pricing over competitors.
Unbelievable
While this article deals with self-righteous US Senators railing on the NY State Insurance Department for not doing their job – the underlying arrogance of those in Washington D.C. suggests that they think the Federal Government would have done a better job???
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