AIG reports record $61.7bn loss
"Insurance giant AIG has reported a loss of $61.7bn (£43bn) in the final three months of 2008 - the largest quarterly loss in corporate history."They've already received $150 billion and are getting another $50 billion of taxpayer's money. And they're still posting billions in losses. I know that if Joe the plumber had debt like that businesses would be trying to get laws changed so that he couldn't declare bankruptcy - his only recourse. If you're a business you can expect the taxpayer to bail you out. Did you think that you'd ever see the U.S. as the largest Socialist country in the world? Well, they're there now, and they're still throwing good money after bad. None of these companies that are being bailed out seem to be showing any evidence of a change in the way they operate or function. It's still the attempt to make the most money possible, which is what got them where they are now...
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