Government Plans $85 bn Bailout of AIG
The U.S government moved toward an emergency rescue of American International Group Inc. -- one of the world's biggest insurers -- signaling the intensity of its concerns about the danger a collapse could pose to the financial system. Damn.
http://online.wsj.com/article/SB122156561931242905.html?mod=djemalert
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edti: the plan is going to
edti: the plan is going to happen and the goernment is getting an 80% stake in AIG for the"loan" its giving them.
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So what do you do?
-I work for an investment banking firm.
Oh okay; you are like my brother, he works for Edward Jones.
-No, a college degree is required in my profession