Word: aig
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...disagrees that all these bailouts are giving the American taxpayer heartburn, but why are the automakers under such tight scrutiny when AIG quickly received about twice as much as the Big Three are asking for? In both cases, awful management created the need for a bailout, but suddenly Congress is getting a conscience about spending our money? Yes, one might say that financial companies are more important, but letting automakers fail could push a bad recession into a depression. Jason Toney, Pittsburgh, Pennsylvania...
...disagrees that all these bailouts are giving the American taxpayer heartburn, but why are the automakers under such tight scrutiny when AIG quickly received about twice as much as the Big Three are asking for? In both cases, awful management created the need for a bailout, but suddenly Congress is getting a conscience about spending our money? Yes, one might say that financial companies are more important, but letting automakers fail could push a bad recession into a depression. Jason Toney, PITTSBURGH...
Among the top-tier performers are also, perhaps surprisingly, a number of banks. While it's true that plenty of finance firms have been absolutely clobbered - worst of all, nationalized housing giants Fannie Mae (down 98%, to $0.70) and Freddie Mac (down 98%, to $0.74); insurers AIG (down 97%, to $1.80) and Ambac (down 95%, to $1.38); and brokerage MF Global (down 94%, to $1.96) - operators of smaller, community banks that ostensibly didn't get caught up in so much mortgage-related fancy footwork have often thrived. Among them: Capitol Federal Financial in Kansas (up 41%, to $43.65), Tompkins Financial...
...using the money to buy preferred shares in banks, a move it began in late October. So far, it has invested $165 billion in 88 institutions, according to Treasury's website. That does not include the $40 billion the government has promised to shore up ailing insurer AIG or an additional $20 billion in funding for Citigroup, which was approved in late November when the financial giant appeared to be near failure...
...have all been here before - not so long ago, in fact. The economy is teetering, on the brink of collapse, and if the House and Senate don't act right now a full-blown Depression looms and we'll all find ourselves on breadlines faster than you can say AIG - er, Citibank. I mean, General Motors...