Like some of these major banks are doing and using the money to buy smaller banks, while not lending to people.
Not that I know of. I don't work for AIG, I don't own any AIG shares, and I don't have any AIG products.. Although I do guess I own a small chunk like every other taxpayer.
While this conference may have been completely legitimate and paid for either by sponsors or the participants themselves, perception is extremely important. It would have been much better had they held the conference at a Sheraton or Holiday Inn where they would not have had to worry about taking a low profile. The felt need to avoid signs and use of the term AIG should have told them something. The press will jump on something like this every time, and it won't be too concerned about portraying AIG's side.
Id have to agree with this, doesnt matter the intent, the media and public sees a couple of things : "Resort" "Poolside" "Hiding Logo"
They are not. And for your edification, the balance on the "bailout (money owed to the Fed by AIG) is down to $21 Billion.
You really should learn to get all of the facts before caterwauling like you do. The Gov't did not increase their bailout. The Fed made an equity investment in AIG, buying preferred shares for $40B. AIG took that $40B and used it to pay down the credit line. It's not "free money". AIG must pay annual dividends on those shares. AIG is not "begging" for taxpayer money. The took out a loan and are working diligently to repay it and restore the business to a profitable enterprise. You really should be directing your ire at Barney Frank and his cronies. AIG did nothing wrng here other that to make ill advised investments into the sub prime market. And they were hardly alone. But why am I bothering with you. You don't care about the truth.
No increase? http://afp.google.com/article/ALeqM5g7tsIE112QtLIP56aXYpk2cJ_Afg Ex CEO says continued help needed: http://www.reuters.com/article/ousiv/idUSTRE4AA5KD20081111
