Tuesday, November 11, 2008
I need help. Can someone please try to make sense of what's going on with AIG, why it has become such a money-pit for my tax dollars, and what might happen if the government stopped injecting money into it? Are these loans, or are we buying stock? What's the long-term strategy? (Is there one?) I don't understand what's going on, and my cursory search didn't produce a primer worth reading. Explanations, links, and insults about my intellectual capacity are all helpful and encouraged.