Thursday, October 9, 2008

AIG needs even more money

Just weeks after the feds gave AIG $85 Billion to stay afloat and not to long after reports that the heads of the company spent $442,000 on a week in trip the fed has decided to give the company another $34 billion.

it seems that AIG has already spent a good chunk (about $61 billion) of the money they got from the feed 2 weeks ago.

It seems that maybe reason AIG is in such trouble is because the company isn't managing its money to well. maybe instead of just handing the company more and more money they should only give the money if the company has better management.

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