The AIG bailout is over

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1 Response

  1. Bill Huey says:

    And what about the present dollar value of $185 billion to AIG over four years? It’s a calculation that every MBA student learns, but the government doesn’t use it because the government can print its own money and expand its balance sheet far beyond what ordinary mortals can achieve.
    I have said for years that the only way the Treasury will show a profit on AIG is through the magic of government accounting. That is what produced the $22 billion “net positive return.”
    That even the New York Times fell for this shill is evidence not too many in the media have been paying attention.

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