Everyone! TARPaholic insurer AIG, which, as you may recall, has guzzled up to $180 billion in bailout funds and once chugged $465,421 per minute, has hit an important milestone.
AIG, which already has been given up to $180 billion in federal aid, is also not expected to be in immediate need of more taxpayer cash. Shares rose 19 cents to $1.68 in morning trade on the New York Stock Exchange.
Emphasis ours. Because, look, we know we all have a lot of anger against AIG. But it's important that we applaud this tiny accomplishment, and give them the support they need to continue to manage their recovery, so that they can avoid a painful relapse that will cause them to hurt themselves and others. And maybe one day, we'll even be able to forgive them. In the meantime, you just keep taking it one day at a time, AIG.
AIG shares jump on hopes of lower loss [Reuters]