How Much Is Too Much?

February 24th, 2009

$60 billion in losses. I think it’s safe to say there is no business at AIG. It’s time to cut our losses. Instead, however, the President will make sure he exercises ‘fiscal responsibility’ and give them another handout. Just watch.

American International Group Inc (AIG.N) and the U.S. government are engaged in talks, as the troubled U.S. insurer faces massive losses due to writedowns on commercial real estate and other assets, according to a source and CNBC report on Monday.

AIG, once the world’s largest insurer, is expected to post a loss of nearly $60 billion on Monday, when it reports its results, CNBC reported citing unnamed sources close to the company.

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