AIG bailout
i learned from this article that the government helped out AIG with a $85 billion doller loan to avoid another grait depression. This loan puts the government in controal of a huge private insurur. The private insurur group (AIG) was facing a big fall, AIG is one of the worlds biggest insurance comany so if it went down the government whould lose money so of course the government steped in, so they gave them a loan to stay ahead.
i learned from this article that the government helped out AIG with a $85 billion doller loan to avoid another grait depression. This loan puts the government in controal of a huge private insurur. The private insurur group (AIG) was facing a big fall, AIG is one of the worlds biggest insurance comany so if it went down the government whould lose money so of course the government steped in, so they gave them a loan to stay ahead.
0 seconds ago
| Reply |
No comments:
Post a Comment