AIG is a company that does not DESERVE help from the government

[BurtWorm]

:patriot:

http://www.huffingtonpost.com/2008/11/09/aig-near-deal-on-new-gove_n_142535.html

NEW YORK — American International Group Inc. late Sunday was reportedly near a deal for a revised bailout package from the U.S. government that would make borrowing terms easier for the troubled insurer.

A proposed $123 billion bailout package would be replaced with a new $150 billion package, according to the Wall Street Journal.

Details of the arrangement could be announced as early as Monday, when AIG is scheduled to report its third-quarter results, the Journal said. The plan reportedly would replace an $85 billion two-year loan with a $60 billion five-year loan at a lower interest rate.

The government also reportedly would inject $40 billion into AIG in exchange for preferred stock.

AIG representatives were not immediately available for comment.

The government had earmarked $85 billion in September for AIG's rescue. Another $37.8 billion was made available in October.

[Atman]

1. BushCo is heavily vested in AIG

They're part of "The Family." They'll get whatever BushCo wants to give them, and the rest of us can piss off.

.