All Commentary
Tuesday, November 2, 2010

AIG to Repay Rescue Money


“AIG said Monday that it has raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a taxpayer bailout.” (USA Today)

This doesn’t change the fact that creditors were saved by the government.

FEE Timely Classic
“Too Big to Succeed” by Less Antman