AIG May Join Suit over US Bailout
STAN HONDA/AFP/Getty Images(NEW YORK) — The giant insurance company AIG, which was saved from collapse by a $182 billion taxpayer-funded bailout, is reportedly considering joining a lawsuit against the government. According to The New York Times, the …
AIG Bailout Leads to $17.7 Billion Government Profit After TARP
STAN HONDA/AFP/Getty Images(NEW YORK) — The federal government has sold off the remainder of its AIG securities for a surprise $17.7 billion profit, the latest piece of the controversial TARP government bailout to make a profit.The AIG profit, announc…
AIG Bailout Leads to $17.7 Billion Government Profit After TARP
STAN HONDA/AFP/Getty Images(NEW YORK) — The federal government has sold off the remainder of its AIG securities for a surprise $17.7 billion profit, the latest piece of the controversial TARP government bailout to make a profit.The AIG profit, announc…
FDIC Seeks to End ‘Too Big to Fail’ Bailouts
STAN HONDA/AFP/Getty Images(WASHINGTON) — The U.S. government has launched a plan to deal with large failed companies that could touch off another Lehman-like disaster, hoping to prevent instability in the financial markets.The Federal Deposit Insuran…
US Will Unload More AIG Shares
STAN HONDA/AFP/Getty Images(WASHINGTON) — The U.S. government said Monday that it will sell $5 billion in AIG shares, one of a series of offerings since the insurance giant received the biggest bailout in history.The Government Accounting Office said …