Wednesday, September 17, 2008

All Is Good

AIG got saved.

It amazes me that tens of billions of dollars can be flung around as if we were tossing coins into the cups of the homeless.
After saying this weekend it would not rescue AIG, the Federal government reversed course Tuesday evening and declared the insurance giant too big to fail.

That's $85 billion. "We" now own a 79.9% stake in AIG. So, why do I not feel good?

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