American International Group Inc., the biggest U.S. insurer by assets, may get an $85 billion bridge loan from the Federal Reserve and cede an 80 percent stake, the New York Times reported, citing unnamed people briefed on the negotiations
Ok, now this is ridiculous. Can we get single payer health care here? Where is my bailout?
Why is it ok to nationalize private financial institutions yet when it comes to anything that's directly for the middle class, why ...oh my god...that's socialism.
(note the loan amount needed has gone exponentially up in 48 hours. I believe it started out at $20B).
Maybe this makes it all a little more official. Corporations and the super rich are running this country so why not just make them part of the government. They have it in their pocket already.