Could A.I.G. Happen Again? - NYTimes.comQuicklink submitted by Susan Lee Schwartz Permalink
|'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|
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