by Jeremy Holter » Wed Feb 04, 2009 09:55 am
Becoming a ward of the U.S. government has been a blessing for insurance giant American International Group — and a curse.
The massive federal bailout unveiled in September saved the company and its worldwide business partners from collapse. But by taking a huge stake in AIG as part of a federal rescue initiative worth up to $152.5 billion, the government has created a painful set of dilemmas as the company tries to repay its debts and assure its survival.
The massive federal bailout unveiled in September saved the company and its worldwide business partners from collapse. But by taking a huge stake in AIG as part of a federal rescue initiative worth up to $152.5 billion, the government has created a painful set of dilemmas as the company tries to repay its debts and assure its survival.
Posted: Wed Feb 04, 2009 10:05 am Post Subject:
I'd say for AIG that as early as they can repay the loan and come out of the government supervision, better for the company. It'd also help them to regain the lost reputation. People have become skeptical about getting associated with the company.
Posted: Wed Feb 04, 2009 10:16 am Post Subject:
I agree with the idea that AIG is throwing away taxpayers money in retaining employees who would flee the scene at the slighest provocation. They really need to find some other way to repay the debt to the Govt.
Posted: Mon Jun 25, 2012 04:36 pm Post Subject: rmAFCWkMKYDNEY
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