Monday, May 18, 2009

60 Minutes: Why AIG Stumbled, And Why Taxpayers Now Own It

Steve Kroft reports on the troubled insurance giant, and talks to its new CEO [with video]: Of all the corporate bailouts that have taken place over the past year, none has proved more costly or contentious than the rescue of American International Group (AIG). Its reckless bets on subprime mortgages threatened to bring down the world economy.

read more | digg story

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