80 online
 
Most Popular Choices
Share on Facebook 1 Printer Friendly Page More Sharing
Best Web OpEds    H3'ed 12/24/12

Could A.I.G. Happen Again? - NYTimes.com

Quicklink Submitted By   1 comment
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)
"The United States government recently sold the last of its shares in the American International Group, more than four years after it bailed out the insurance giant with a package of assistance that eventually totaled $180 billion. In announcing the sale, the Treasury Department also said that the government had a "positive return" of $22.7 billion -- a sum that fails to take into account tax breaks A.I.G. received as a ward of the state. But whether the government profited from the bailout is not important. The truly vital issue is this: Could this happen again? " asks The NY Times.

"Unfortunately, the troubling answer is yes." they believe
Read the rest of the story HERE:

At www.nytimes.com
Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Related Topic(s): Bailout; Government, Add Tags
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation:

Tell A Friend