2008-11-17blogspot.com

""A number of financial experts now fear that the federal government's $143 billion attempt to rescue troubled insurance giant [AIG] may not work, and some argue that company shareholders and taxpayers would have been better served by a bankruptcy filing. ... Echoing some other experts, Ann Rutledge, a credit derivatives expert, said she is not sure how badly the financial system would have been rocked if the government had let AIG file for bankruptcy protection. 'What we see now are a lot of games by the government to keep these institutions going with a lot of cash,' she said. "



Comments:

Tomn at 01:34 2008-11-18 said:
I bought some AIG shares before the first bailout was passed, thinking that the bailout would help the stock out a bit... I was wrong... lol... maybe the stock will go back up in a few more bailouts? Permalink

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