Thread: The Bailout
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Old 03-19-2009, 08:31 PM
BlueAngel BlueAngel is offline
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Join Date: May 2007
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Default Re: The Bailout

Isn't that how it works?

A company is failing/bankrupt.

They need an injection of money to survive.

Financial assistance is provided by a group/individual and this group/individual becomes a stockholder/director.

In this respect, since taxpayer money was used to bail-out AIG, the taxpayers should have acquired stock in AIG and should be directors of the company.

However, according to Wikipedia, the government bailed them out.

American International Group - Wikipedia, the free encyclopedia

So, which is it?

Was taxpayer money used to save AIG or was it FED money?

Last edited by BlueAngel : 03-19-2009 at 08:41 PM.
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