Comments on: American International Group: AIG Founded in Shanghai China in 1919. Who are we Bailing out Here? http://www.mybudget360.com/american-international-group-aig-founded-in-shanghai-china-in-1919-who-are-we-bailing-out-here/ Investing ideas for preserving wealth in a fluctuating market. Thu, 29 Jul 2010 14:34:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan-Stock Market Prices for American International Group http://www.mybudget360.com/american-international-group-aig-founded-in-shanghai-china-in-1919-who-are-we-bailing-out-here/comment-page-1/#comment-5075 Ryan-Stock Market Prices for American International Group Mon, 30 Mar 2009 05:36:07 +0000 http://www.mybudget360.com/?p=565#comment-5075 AIG: Bigger Loss, Bigger Bailout Losing $100 billion in a year does not look like an easy task, but American International Group Inc. (NYSE: AIG) managed to achieve it. The company reported its 4Q08 loss at $61.7 billion, the biggest quarterly loss in corporate history, which brought the total loss for FY08 at $99.3 billion, or $37.84 per <a href="http://www.stocknod.com/AIG-American-International-Group-stock-prices.aspx" rel="nofollow">share </a>. The recent quarterly losses suffered by Merrill Lynch and Citigroup (NYSE: C), at $15.4 billion and $8.3 billion, respectively, look very small by comparison now. AIG: Bigger Loss, Bigger Bailout

Losing $100 billion in a year does not look like an easy task, but American International Group Inc. (NYSE: AIG) managed to achieve it. The company reported its 4Q08 loss at $61.7 billion, the biggest quarterly loss in corporate history, which brought the total loss for FY08 at $99.3 billion, or $37.84 per share .

The recent quarterly losses suffered by Merrill Lynch and Citigroup (NYSE: C), at $15.4 billion and $8.3 billion, respectively, look very small by comparison now.

]]> By: Dan D. http://www.mybudget360.com/american-international-group-aig-founded-in-shanghai-china-in-1919-who-are-we-bailing-out-here/comment-page-1/#comment-4041 Dan D. Tue, 24 Feb 2009 22:59:51 +0000 http://www.mybudget360.com/?p=565#comment-4041 Is AIG an example that trying to bailout these failing companies is not working? AIG has received a $150 Billion rescue package from the government and still is reportedly asking for more help. When these failing companies are still going under despite multi-billion dollar rescue packages is it time to reexamine the current economic initiatives being promulgated today by the government? http://www.weeklypoint.com/2009/02/24/aig-fears-60-billion-loss-begs-for-more-taxpayer-money/ Is AIG an example that trying to bailout these failing companies is not working? AIG has received a $150 Billion rescue package from the government and still is reportedly asking for more help.

When these failing companies are still going under despite multi-billion dollar rescue packages is it time to reexamine the current economic initiatives being promulgated today by the government?

http://www.weeklypoint.com/2009/02/24/aig-fears-60-billion-loss-begs-for-more-taxpayer-money/

]]>