Markets opened lower this morning after news that the federal government is bailing out insurance giant AIG for the fourth time. The announcement came on the heels of AIG posting a $62 billion loss, the biggest quarterly loss in history. Our friend Dan Gross from Newsweek joins us to discuss the implications of this new $30 million taxpayer-funded bailout. He just wrote Dumb Money: How our Greatest Financial Minds Bankrupted the Nation.
Our coverage reaches millions each week, but only a small fraction of listeners contribute to sustain our program. We still need 224 more people to donate $100 or $10/monthly to unlock our $67,000 match. Will you help us get there today?