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by unreal37 4916 days ago
The accusation is that the government used AIG to bail out the rest of Wall Street, forcing AIG to settle trades with big name Wall Street companies for a loss. And on top of that, the gov't charged 14% interest on the money it lent.

Yes, they could have "not accepted" that deal. But there are two sides to this.

1 comments

Trades that AIG took at fair terms. Sorry, but if an insurer insures something, it better damn well pay what it promised.