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AIG on verge of bankruptcy after Gov't gave them $160 Billion
AIG stock today sank to an almost worthless .46 cents per share. At this time last year AIG stock was hovering around $60. per share. The U.S. government has already bailed out AIG with at least $160 Billion dollars borrowed from China.
We are not addressing the root problems and these bailouts will not work. Another $160 Billion wasted and left for taxpayers to foot the bill.