Tuesday, February 23, 2010

AIG: Another Killer Zombie Arises Again

Umnnnhhh....so far, it's just sorta-kinda speculative.

So far.

It appears that AIG - the company we have bailed out (thus far) to the tune of some $100 billion plus, in fact, isn't done. It appears they may have written credit protection on Greece. If this allegation by the German equivalent to The New York Times is true Americans are going to be asked to pay billions of dollars - or more likely, hundreds of billions (since Greece is almost certainly not the only place - try Spain, Portugal, Ireland, etc) to bail out a bunch of FOREIGN NATIONS.

Well, what we know for SURE is that we'd bail them out 100% if they were named GoldmanSachs, or Chase, or Citi, or Bank of America.

If TurboTimmy and his henchmen think the US taxpayer will sit still for bailing out half of Europe, though, they're wrong.

And we're not done with the GoldmanSachs/Chase/Citi discussion, either, Timmy-boy.

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