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One year after the biggest corporate bailout in the country's history, a government watchdog office Monday warned that American taxpayers may not recoup the full $182 billion given to embattled insurance giant American International Group.
One year after the biggest corporate bailout in the country's history, a government watchdog Monday warned that American taxpayers may not recoup the full $182 billion given to insurance giant AIG.
"AIG's ability to restructure its business and repay the government is unclear at this time," the Government Accountability Office said in a new report released Monday.
Originally posted by Kaytagg
Companies get "too big to fail" when dumb republicans decide that we don't need regulations, because "the market can solve all our problems."
Well here's the solution: Let the banks fail and have the great depression II. OR Bail them out and say goodbye to the money.
Good job, republicans.
Originally posted by grover
The title of this thread is totally misleading...the article states quite clearly that it is not clear at this time that a restructured AIG can pay beck the bailout...not that they have decided not to.