Taxpayers now have to bail out an insurance "giant", yes?

[Solly Mack]

How many of those taxpayers don't have health insurance?

AIG does deal in health insurance.

[cali]

1. indeed they do. and it's so frustrating because

from what I understand, the repercussions for Americans (and globally) from AIG failing, are so severe that allowing it to fail, is even worse than bailing it out.

[Solly Mack]

3. It is very frustrating

people who can't afford health insurance having to bailout an insurance giant

I don't know whether to laugh or cry

[tekisui]

2. Let's work out a deal. Cover me and my family, I'll let my taxes cove ryou.

right.

[Solly Mack]

4. I'm a peon. I know better than to expect anything good

the people deserving better treatment and expecting it (much less getting it)...not the same

[summer borealis]

5. Funny how common sense like that is never heard

on the M$M. Well said.

[Loge23]

6. Forget it, this is only for the billionaires.

I read that the most vulnerable AIG liability extended only to the mortgage and bank guarantees, not to their personal insurance wing which was described as "solvent".
The bailout is designed to prop up the banks.
Of course, the stock market reaction would essentially wipeout the rest of our 401's, thereby creating a popular uprising.
But the bottom line protects the big guys, we pay.
I think the stock market will eventually tank anyway.

[Solly Mack]

7. I read something along those lines in the WSJ

and it also feels we, as taxpayers, will (eventually) get a "big boon"