Fed turns AIG bailout into $18 billion profit
|June 25th, 2013, 02:57 AM||#11 (permalink)|
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The bailouts the federal government made many years back, to keep some large financial firms open and to prevent additional fiscal mayhem, may have not been as bad an idea as many believed. One of the biggest bailouts was the AIG bailout, which came to almost $200 billion being lent to the institution by the working class individuals. So far, the government has really made a profit on AIG, about $18 billion worth.