Politics & Government

March 2, 2009

Another week, another bailout: U.S. throws more funds at AIG

Taxpayers will take a nearly 78 percent ownership stake in insurer American International Group, the Treasury Department announced early Monday, in a bailout revamp that could provide another $30 billion to AIG as the troubled giant posted a mind-numbing quarterly loss of $62 billion loss — the largest in American corporate history.

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