NYT was reporting that AIG is about to get a 85 Billion dollar Federally approved loan
Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government an ownership stake in troubled insurance giant American International Group.
Well, this is a reality. What in the world is happening! Bad companies take bad decisions, they should pay for it!.
This is what my friend had to say-I lost some money on a few bad bets during last year’s NFL season. I want to government to come and bail me out!