AIG success story, bailout recipients usually have continuing problems

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  • megansoon USA, CA
    June 25, 2013 2:37 a.m.

    It was reported recently that after all was said and done, the bailouts done by the federal government were likely to turn a profit. That has just been confirmed, as part of the last of the government's stake in AIG was recently sold making for almost $18 billion in profit from the AIG bailout.

  • Nosea Forest Grove, OR
    Dec. 23, 2012 4:25 a.m.

    Yes, and Warren Buffet who lobbied Congress vehemently for AIG’s bailout in that critical period, to salvage his already huge holdings in Goldman Sachs stock, made off better than any Mafioso by investing even more in new Goldman Sachs premium stock once he knew the federal government was going to do his bidding—save Goldman Sachs via rescuing AIG. And he is touted as a financial guru?

    And the government is now investigating and prosecuting smaller players for insider trading, who made petty profits from their insider trading relative to the big players like Warren Buffet? Our entire nation would be better off had the financial thugs on Wall Street, including big players like Buffet, been allowed to fail—Wall Street would have rightly suffered then rather than such immense suffering due to their greed being passed on to the already-victimized main street.