scenes from a meltdown

Meanwhile, AIG Needs to Borrow Another Few Billion or So

American Insurance Group, the insurance giant that is 80-percent owned by the US government, is in discussions with the government to secure additional funds so it can keep operating after next Monday, when it will report the largest loss in U.S. corporate history.” We didn’t read any more because we had to close our eyes. [CNBC]

Meanwhile, AIG Needs to Borrow Another Few Billion or So