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View Full Version : Effectiveness of AIG's $143 Billion Rescue Questioned



mick silver
3rd November 2008, 12:55
A number of financial experts now fear that the federal government's $143 billion attempt to rescue troubled insurance giant American International Group may not work, and some argue that company shareholders and taxpayers would have been better served by a bankruptcy filing.

The Treasury Department leapt to keep AIG from going bankrupt on Sept. 16, and in the past seven weeks, AIG has drawn down $90 billion in federal bailout loans. But some key AIG players argue that bankruptcy would have offered more structure and greater protections during a time of intense market volatility
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/02/AR2008110202150.html