If these were millions of dollars being discussed, the Generational Theft Act of 2009 had not passed, and you hadn’t already spent $ 150 Billion on this black hole, there could possibly be a rationale for giving them more money. Not a rational rationale, but there could be one. In this case, there is neither.
CHARLOTTE, N.C. – American International Group Inc. will receive additional federal assistance of up to $30 billion as part of a revamped government bailout, according to media reports Sunday, citing unnamed sources.
The new funding, the fourth government rescue of AIG since September, is intended to support the New York-based insurer as it is expected to announce $60 billion in quarterly losses early Monday.
Once one of the world’s largest insurers, AIG has already received $150 billion in loans from the government. In return the government has taken an 80 percent stake in the insurer.
via Report: AIG bailout to add on billions more – U.S. business- msnbc.com.
