AIG deal is done. The company is nationalized.
Ask and shall be given.
AIG asked for $40B, received $85B. Apparently AIG is another one who is too big to fail.
US government and FED are now in insurance business too, owning 79.9% of AIG. Shareholder receive once again ... nothing.
Who will pay these $85 billions? Could be US taxpayer or money can be just printed - in such case, all USD holders will pay.
Next move from FED must be to allow someone to fail... again. May be WaMu?
Government saves AIG with $85 billion loan, takes 80 percent stake in battered insurance giant
http://biz.yahoo.com/ap/080917/aig.html
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