The corporations I least like to see bailed out are insurance companies. If an operation as gigantic as American International Group didn’t put a few pennies back for a rainy day, they definitely helped see to it that the rest of us didn’t have a dime left over in our paychecks to spare. This company does business all over the world and has headquarters in New York, London, Paris and Hong Kong. As of the end of 2008, it was already in debt to the Federal Reserve Bank for $150 billion.
AIG should not get a pass
Wednesday, March 4, 2009 | 1:17 p.m. CST;
updated 5:50 p.m. CST, Wednesday, March 4, 2009
To read the full article, please sign up or login.
Get full access to the Columbia Missourian on your computer, phone, and tablet for just $5.95 per month. Or click here for full access for one day for only 99 cents.
* Unlimited access on your iPhone, iPad, Android phone and Android tablet
* All the high-quality, in-depth journalism of the Columbia Missourian and Vox Magazine, updated 24/7
* Your news. Your device. Your time.
If you'd like to read more about the value of being a member, read this column from the Missourian's executive editor, Tom Warhover.
advertisements
