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Legal Commentary

: TalkLeft

Feds May Bail Out AIG

By Jeralyn

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Reports tonight are emerging that the Feds may bail out AIG by providing up to $85 billion in a bridge loan.

Doesn't that mean we, the taxpayers, ultimately are going to foot the bill? Adding that to what we will have to pay for Fannie Mae and Freddie Mac, that's a huge sum of money.

The reason apparently is that AIG is just too big to fail.

Thoughts?

Full post as published by TalkLeft on September 16, 2008 (boomark / email).

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