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AIG Has Drawn $90.3 Billion of $123 Billion Government Loans
National News • October 24, 2008
American International Group Inc., the insurer saved from bankruptcy by a federal bailout, has borrowed $90.3 billion from the Federal Reserve.
Figures released by the Fed late on Thursday showed ...
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| Subject | Posted By | Posted On |
|---|---|---|
| $5.26 million raise | Oct 28, 2008, 1:23 pm |
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| RE: RE: aig bail out | stckbyr | Oct 27, 2008, 8:28 pm |
| RE: 'Boxing gloves' replace 'good hands,' lawyers charge | stckbyr | Oct 27, 2008, 8:19 pm |
| RE: RE: RE: RE: aig bail out | Baxtor | Oct 27, 2008, 4:22 pm |
| RE: RE: RE: aig bail out | Reverend-CPCU,CLU,FLMI | Oct 27, 2008, 3:45 pm |
| RE: RE: aig bail out | joe | Oct 27, 2008, 2:06 pm |
| RE: RE: aig bail out | Allan | Oct 27, 2008, 2:00 pm |
| RE: aig bail out | Doctor J | Oct 27, 2008, 1:20 pm |
| 'Boxing gloves' replace 'good hands,' lawyers charge | Oct 26, 2008, 5:56 pm |
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| RE: RE: bail out insurance. more of the same old bull/... | Oct 26, 2008, 5:14 pm |
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| RE: bail out insurance. more of the same old bull/... | $50 billion a year in insuranc | Oct 26, 2008, 5:04 pm |
| bail out insurance. more of the same old bull/... | Oct 26, 2008, 4:58 pm |
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| aig bail out | chris | Oct 25, 2008, 1:29 pm |
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Subject: RE: aig bail out
I'd like to agree with you, but, AIG's importance is on a global scale. It's not a bailout, per se, it's a loan. The fact is, AIG makes money on its insurance operations. It's lost money on its investments and hence the problem. I can't see us allowing a company with $1 Trillion in assets fail. It would only make the situation far worse.
Imagine millions of policies having to be replaced overnight - or not being able to be replaced at any cost. That's what would have happened otherwise. Major construction projects grinding to a halt. Lawsuits galore between project owners and their GCs and subs. Property being seized by lenders for lack of adequate coverage. The ripple effect would have been huge.