MONDAY NOVEMBER 10
AIG: We Laugh At Your Puny $123 Billion

With the revelation of American International Group’s third-quarter loss of $24.47 billion (not a typo) came the realization that the company wasn’t even remotely well-capitalized enough to sustain itself. So, the U.S. government dismantled its $123 billion bailout package, toggled some terms and replaced it with a shiny-new $150 billion one. Problem solved? Eh, we doubt it.

November 2008

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