Saturday, March 07, 2009

Top U.S., Foreign Banks Got $50 Billion in AIG Aid

OK, here is the puzzling part....what does "AIG" stand for?

Any ideas? How about "American International Group?"
(a rather large insurance company insuring banks domestically and internationally.)

And what do insurance companies do when they "insure people?" And what happens when the people that they insure have a loss?

See where this is going?

Apparently congress can't.

Read all about it:

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