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Another Federal Bail-out

It was only a few days ago that we learned about the government bailing out the major mortgage lenders. Now it's "Insurance Giant" AIG getting the treatment. I'm not entirely sure what's going on, but I do wonder how this is connected to the stock market downturn - cause? effect? I obviously have a lot to learn about finance. Silly me: I always assume I have to pay my bills and don't expect anyone to come to the rescue if I can't.

http://www.nytimes.com/2008/09/18/business/18insure.html?ex=1379390400&en=927da4af2b560f20&ei=5124&partner=permalink&exprod=permalink

Posted by Christopher Twiggs on September 17, 2008 10:52 PM |

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Comments (1)

Asasia:

Good for people to know.

Posted by Asasia | October 29, 2008 2:12 AM

Posted on October 29, 2008 02:12

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