Just as AIG announced a massive $62 billion loss this morning, the biggest quarterly loss in history, the government stepped in to provide an additional $30 billion in taxpayer money. This is the fourth time the government has stepped in to help AIG.
Last week, the U.S. government loaned insurance giant AIG $85 billion, which has unforeseen consequences for American taxpayers. Now that American taxpayers effectively own AIG, The Takeaway checks in on our new investments.
Embattled insurance giant AIG is the corporate sponsor for British soccer team Manchester United. That means the team shirts bear the AIG logo for all to see. The World’s Alex Gallafent finds out how fans feel about having their beloved team tainted by corporate scandal.
The British tabloid “News of the World” broke the story about executives from insurance giant, AIG, taking a lavish hunting trip just days after the company got a multi-billion dollar taxpayer bailout.
