Will AIG plan cost taxpayers money, or just sleep? (AP)

Posted by admin on September 17, 2008 under News | Be the First to Comment

Will AIG plan cost taxpayers money, or just sleep? (AP)

A woman walks past the office of U.S. insurance giant AIG, American International Group, in Croydon, South London, Tuesday, Sept. 16, 2008. Shares of American International Group Inc. fell Tuesday as investors questioned whether the huge insurer would come up with more money to stay in business and avoid igniting even more global financial turmoil. AIG shares were down $1.96, or 41.2 percent, to $2.80 in early afternoon trading, rebounding from an intraday low of $1.25 but below the day's high of $4.57. Shares have traded as high as $70.13 during the past year. (AP Photo/Sang Tan)AP – American taxpayers awoke Wednesday to learn they may end up owning one of the world’s largest insurers. They might now lose some sleep wondering whether the government’s $85 billion loan to American International Group was a wise investment.


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