AIG IS too big to fail

Reading Time: < 1 minute At least that’s what Fed chairman Bernenke and Treasury secretary Paulson think, and the congress and president agree with them. But how about the shareholders and we the tax payers? The AIG shareholders are almost wiped out (slightly better than Fannie and Freddie), and the price tag is $85 billion for now. So summary, the… Continue reading AIG IS too big to fail