The company that literally almost brought it all tumbling down about a year ago right around this time is back in the black?
Not so much.
More from Politics Daily…
For the first time since 2007, AIG on Friday claimed a profit.
The insurance giant reported second-quarter net income of over $1.8 billion. That’s still just a fraction of the $180 billion that AIG received as part of a government bailout in 2008....
EU approves $113 billion bailout for Ireland (AP)
AP - EU nations agreed an euro85 billion ($113 billion) bailout deal for Ireland on Sunday to help the debt-struck country with its banking crisis, and sketched out new rules for future...
AIG Raises $37 Billion To Pay Back Government
The giant insurance company announced Monday morning it has raised nearly $37 billion to start paying back the government bailout it received two years ago. AIG received $100 billion worth of...
Money, Power Serve Up Alphabet Soup Of Regulators
When AIG stunned the global economy by nearly collapsing last year, the insurance giant was being regulated by dozens of agencies in the U.S. Lawmakers eyeing an overhaul of the financial...
We Made Money On TARP?
Even after reading this article I think it’s an open question, but I wasn’t aware that we were paid dividends on the preferred shares. From McClatchy: In addition to returning...
GM Lost $6 Billion Last Quarter
Despite all the government assistance and talk of providing more, GM lost $6 billion last quarter with earnings dropping by 47%. GM executives say car buyers are turning away from GM out of...
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