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Bob is AIG, but the bailout was really for Alice (Goldman Sachs) because they had the most to lose from the breakup or bankruptcy of AIG. The bailout was a bridge loan forced by the government in place of private offers.

132 posted on 09/27/2008 7:08:24 PM PDT by palmer (Some third party malcontents don't like Palin because she is a true conservative)

I did a Google search on what you said and I found an article saying AIG forced the Fed's hand, not the other way around. Can you help me find a source that shows AIG, "Bob" was forced to take the loan? Thanks.

A potentially market-rattling bankruptcy filing by American International Group (AIG Quote - Cramer on AIG - Stock Picks) forced federal officials to reverse course and pursue a costly bailout of the insurance giant late Tuesday.
AIG will receive an $85 billion bridge loan from the Federal Reserve aimed at keeping the giant insurer out of bankruptcy and preventing the acceleration of a world credit crisis.

136 posted on 09/27/2008 7:35:30 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)