This article was about the AIG bailout and the bailouts to other large companies around the United States. A few days after Lehman Brothers went bankrupt, the government lent the insurer $85 billion. In all, A.I.G. received $150 billion of government help: a $60 billion loan, $40 billion in exchange for a 79.9 percent equity stake and about $50 billion to capitalize two vehicles holding A.I.G.’s bad assets, but AIG promised to pay off the 60 billion dollar loan.
If you ask me i dont think the government should be bailing out companies like they have been. I understand there are some circumstances in which the government has to take part in. When AIG spent all of the bailout money, they gave their employees large bonuses. These employees already have a salary that is outrageous if you ask me.
http://www.nytimes.com/2009/02/27/business/27views.html
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