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Stocks sink after government bailout of AIG

Source: Fresh News 		Please rate this news

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    Wall Street stumbled again Wednesday, with anxieties about the financial system still running high even after the government bailed out the insurer American International Group Inc. The Dow Jones industrial average dropped about 300 points. The Federal Reserve is giving a two-year, $85 billion loan to AIG in exchange for a nearly 80 percent stake in [...] ... read more »
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patrick (3 months ago) 0 point Vote Vote
it's hard to object to the government's mass bailouts as similar debt-producing methods were put into action to bring the U.S. out of the Depression... our economy has been supported and driven by debt ever since www.kogmedia.com   Login to Reply  
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