Not only the bailout but the outrageous bonus payouts as well because neither Bush nor Obama thought it was important enough to negotiate. It's always looked like a bad deal that would never be paid back in my opinion and now the consensus is coming around to the same belief. I still remember the nutty GOPers who bragged about what a great deal is was as they counted the windfall the government would make on the deal. Riiggghhhhhhtttt. Gosh, where will it all be spent? CNN:
Taxpayers have lent AIG $132.6 billion, but getting that money back is looking less likely.Can taxpayers get the bonus cash back now from this swindle?
The sale of AIG's Asian life insurance unit for more than $35 billion would have helped a lot, but the deal went bust this week when the buyer, Prudential PLC, sought a lower price.
Now the troubled insurer is essentially back to square one with its repayment strategy -- though AIG Chief Executive Robert Benmosche remains upbeat about the options regarding AIA, and maintains that AIG will pay back its loans in full.
