Politics
Politics
Out of context: Reply #5727
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- TheBIueOne0
Damn.
"American Insurance Group (AIG), the insurance giant that is 80-percent owned by the US government, is in discussions with the government to secure additional funds so it can keep operating after next Monday, when it will report the largest loss in U.S. corporate history, CNBC has learned.
Sources close to the company [AIG 0.53 -0.01 (-1.85%) ] said the loss will be near $60 billion due to writedowns on a variety of assets including commercial real estate. "