Saturday, November 8, 2008

AIG Back for More...

...folks, at some point even the U.S. government cannot continue to loan billions into trillions.

An important point when you considered that AIG alone is nearing the 100 billion mark in various bailout funds.

Naked Capitalism has some good info on this bad situation:
The Financial Times reports that AIG is up to its old tricks, back again to the trough for more money. Christmas The Iceland credit default swaps settlement is coming soon, you know.

The worst is that AIG is pretending to act as if this is a negotiation as opposed to extortion.
Read the entire article and you should quickly see that the current woes are worsening rather than improving.