Monday, March 02, 2009

Huge AIG loss marks next descent towards chaos

Reuters has the report here, this quote illustrates the fear once more stalking the markets: AIG, which has already had $150 billion in taxpayer aid, announced a near $62 billion fourth-quarter loss, making its fifth consecutive quarterly loss and bringing the total loss over that time frame to more than $100 billion. 62 billion dollars in 3 months after having been bailed out for 150 billion dollars earlier. THIS HAS TO BE A JOKE!

Labels:

0 Comments:

Post a Comment

<< Home