March 2, 2009

Huge AIG loss marks next descent towards chaos

Reuters has the report here, this quote illustrates the fear once more stalking the markets:

AIG, which has already had $150 billion in taxpayer aid, announced a near $62 billion fourth-quarter loss, making its fifth consecutive quarterly loss and bringing the total loss over that time frame to more than $100 billion.

62 billion dollars in 3 months after having been bailed out for 150 billion dollars earlier.

THIS HAS TO BE A JOKE!

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