The U.S. government will commit another $30 billion to prop up American International Group Inc as the embattled insurer prepares to report the biggest loss in history and struggles to sell assets.
AIG’s board on Sunday approved a new rescue package that also includes more lenient terms on an existing government investment in its preferred shares and a lower interest rate on a government credit line, two sources familiar with the matter said.
How much more do we need to invest before someone just admits that AIG is a money suck?
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