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aig,bailout,2009,recession,banks,banking,collateral,risk,assessment,bonds,money Why AIG Has Been Giving Your Money To Other Banks

Why AIG Has Been Giving Your Money To Other Banks

posted by Zonbie 8 months 1 week ago • 439 views
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From Consumerist

There's been a big stink about how AIG has given a bunch of taxpayer money to other banks. Why why why, demand the American people. Well, it's not like they enjoy shoveling money out the door, wait, scratch that, but anyway, the real reason is because of something called "collateral calls." Marketplace's Paddy Hirsch explains the situation with the help of his friends Mr. Magic Marker and Mrs. White Board in this video.

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Comments subscribe to this feed
We need more transparency like this. It allows people to understand what exactly is going on.


written by reiwan  | 8 months 1 week ago | CH
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Outrage is more fun than education!


written by Psychologic  | 8 months 1 week ago | CH
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