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Updated almost 16 years ago,
Can Someone Tell Me What Is Going On with AIG?
The Federal Reserve has provided AIG $160 Billion dollars. Is it possible that the government fears that dirty secrets would come out if the insurance giant goes under. I have a couple of questions
1. How has the bailout money been used?
2. Why another $30 billions was approved to continue saving this insurance company?
3. Why the importance of saving this insurance company in particular?
Any thoughts out there? Have you found information that you would not mind sharing to the rest of us.