Well, for what it's worth, so does my co-worker. She too was told the same thing, that it was all of the mortgage problems and not the other product services they offer.

Rockin35

I have auto insurance with AIG direct and they just kept telling me this week that it was the mortagage side of the business that was in trouble not the other parts of AIG, I dont know the real answer they just kept telling me my auto policy was okay.

What a train wreck. "Hannity & Colmes" said it best.... we (tax payers) will always foot the bill in the end. Everyone keeps talking about change in the next year to come, but the problem is, America is already so far in debt, it's gonna be difficult to recover/salvage anything in the next 5-10 years. What a mess.

Rockin35!

I believe that the government has studied how AIG works and has become confident in AIG paying the loan back. They wouldn't just give AIG the loan if AIG was a runaway train having no intentions of stopping when the railroad ends.

I do understand what your are saying smcc. I'm wondering can they pay it all back without declaring bk or running out first:confused:. It just makes me curious that other banks turned their back on them and the Gov picked up the deal. I know this is going to dig real deep in tax payers pockets (IMO) .

Thing is Meya, AIG has to pay the loan back. Goverment is going to make money on this deal. Notice how the Government stepped out of the way when BOA brought Merrill Lynch. Didn't even blink. You think the SEC is going to deny this buyout? I think not............

I saw this on the news. My question is that did they bail them out with a good plan? I hear them saying something about AIG having serious issues on bad mortgage loans that were issued to homeowners.
. Hope this deal was good! I feel that if they have the money to bail AIG out of debt, then where is all the money for our states who kids schools are cut and whose states can not come to a budget agreement, such as California

Dang Mistery Money!
This should have been a red flag!

Re: https://www.financeglobe.com/blog/latest-blogs/Government-Gives-85-Billion-Loan-to-AIG