Skip to Content

Third time's the charm for AIG? Doubtful.

More
Text SizeAAA

Filed under: Insurance, Ripoffs and Scams, Recession, Bankruptcy

Yes, folks, that's right. The awesome institution that is American International Group (AIG) has now gone to the United States government for a third handout. You might remember that little old bailout given to AIG last year worth $85 billion. In no time, AIG went back to the feds and got its welfare upped to $150 billion.

Now the company is back at the trough, looking for more billions paid for by the taxpayers. How did we get here? Seriously. This bailout madness is just insane. It started out that certain companies like AIG were "too important to fail." Well they keep failing even with all the federal money they're getting, and I'm wondering when enough is enough.

Does anyone really think these morons running AIG deserve a third gift from us? I happen to think they didn't deserve the first or the second. I tend to think that I deserve to keep my own money based on my hard work, and that I shouldn't have to give it to idiots in suits. But who am I? Just a little old accountant trying to make a buck. Maybe if I were smarter, I'd be an executive at a continuously-failing company like AIG, getting the feds to do the dirty work of stealing your money and turning it over to me.
Subscribe to Walletpop

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Dangerous Driving

Dangerous Driving Have you spotted a fellow driver doing something outrageous behind the wheel?
Tell us!

Ask Me About Insurance

overwhelmed by insurance

Do you have a question about insurance? Ask our insurance expert Jonathan Berr.

Tom Barlow
Tom Barlow Filed under: Entrepreneurship, Green

Renting out goats -- a great green business idea

Looking for a job in the great outdoors? Love animals? Like money? Then you might take a look at a growing new business in the U.S. -- renting out animals to clear troublesome brush. The goat herd ...
Julia Scott
Julia Scott Filed under: Bargain Babe

$5 magazine sale at Amazon

Here is another great last-minute gift: a magazine subscription. Amazon has a slew of mags for just $5 for a year, including: Sunset Health Golf Essence Southern Living This Old House ...
Madhusmita Bora
Madhusmita Bora Filed under: Technology, Transportation

WiFi to soon debut in Ford cars

You may soon be able to tweet, google and skype from the back seat of your car. Ford announced that some of its 2010 models would carry WiFi capability. This means that passengers (and hopefully ...
Julia Scott
Julia Scott Filed under: Shopping, Bargain Babe

Best places to do all your shopping, pronto

If I had to do ALL my Christmas shopping say, now, I would chose one of the following stores to do the deed. No driving around to a dozen stores, no braving the mall. And for the record, I swear this ...

Headlines from WalletPop Partners

Ideas for Setting a Memorable and Beautiful Dinner Table
A dinner party is a perfect opportunity to show off your personal style, taste, and flair for ...
Readers' Choice Awards for Best in Winter Travel
Do you know of a cruise line that offers everything from beautiful accommodations to great dining, ...
Learn More»