American International Group (AIG) posted a record $61.7 billion quarterly loss on Monday and got a new bailout of up to $30 billion from the government. The latest loss equaled about $465,000 a minute. The Treasury Department and Federal Reserve said urgent action was needed now to keep AIG in business.
Advertisement
- Zorro for the Common Good .. Lefty — thanks for the kind words, but I think you’re...
- Thomas .. Germany is the world’s largest Exporter along with China, best infrastructure in...
- Luis de Agustin .. Give credit to Dr. Roubini for getting the depth of the great recession right....
- Lefty .. Aspen.. Calling someone a Rookie, when they obviously are very well versed in something...
- Jim .. Really? Germany’s not in trouble? OK, I know to take any financial advice from the...
- Ken .. Cramer doesn’t like big oil anymore? It must be a buy…
- John P .. The US or the UK will not default on its debt at all. Marc Faber’s assertion that...
- Duke .. Live long enough you’ll hear it all. Mark. Costs are artificially high especially...





