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The much-criticized "taxpayer bailout" of AIG is ending soon. The net cost to taxpayers was a PROFIT of at least $15 billion. I'm not saying the end result justified the initial rescue, but most people think that the AIG bailout was an expenditure of $182 billion in taxpayer funds. More accurately, it was an investment, albeit a risky one. The money has been returned and the Treasury made money on the rescue.

by Anonymousreply 412/10/2012

Thanks, I didn't know "we" made money on the deal. Why didn't "they" call it a loan in the first place?

by Anonymousreply 112/10/2012

It wasn't a loan. The government at one point owned 91% of AIG. They have been selling the shares off and will own none at the end of the next sale.

by Anonymousreply 212/10/2012

Yes, OP is right, we should keep bailing out more and more failed companies, and then we'll all be rich!

by Anonymousreply 312/10/2012

The financial system isn't fixed and anyone who believes it is, is mentally challenged.

by Anonymousreply 412/10/2012
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