Monday, March 2, 2009

AIG's new bailout

The taxpayer, for giving AIG another $30 billion, gets warrants to acquire 1% of AIG stock at $2.50 a share.
http://treas.gov/press/releases/reports/030209_aig_term_sheet.pdf

And today, AIG sues the IRS for back taxes of $306 that it says it doesn't owe.

Why can't we just let this criminal enterprise fail?

After all, it only lost $99.3 billion for the year!!

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