Trust me, I’m NOT in favor of bailouts. However, the cost to taxpayers of AIG failing would be far more than $85 million. Nearly every major fund is heavily invested in AIG.
“Trust me, Im NOT in favor of bailouts. However, the cost to taxpayers of AIG failing would be far more than $85 million. Nearly every major fund is heavily invested in AIG.”
Then I would say the ‘major funds’ have made a bad investment as well.
Where does it end?
But with this deal, 80% of that value is now gone.