none was less morally deserving than AIG
AIG bailout is working pretty well? Actually, yes. The firm used $140 billion of the $182 billion available from the government, divided between Fed loans and Treasury equity purchases. The bulk of that has returned to the government, with interest.
spent the past two years selling excess assets and modernizing its core insurance businesses, AIG is profitable again. The firm’s only remaining debt to the Fed is a $9.3 billion loan, against which the central bank holds collateral valued at almost twice that
Click on the following to read more of the Washington Post’s Opinion: AIG’s bailout is a quiet success - The Washington Post
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