Government Bailouts – the interest goes to…
So the U.S. government sweeps in rescuing poor AIG with $85B taxpayer money. I get it we don’t want to see what’s further down the spiral, but if we the people are lending these big corporate giants money which they need to repay – shouldn’t we share in some of that interest being payed back? I mean aren’t a million+ Americans using AIG for some reason paying them premiums and service charges and all the other fees that they collect?
And should’t AIG feel thankful to the government and the American people for coming up with the cash to bail them out?
September 18, 2008 at 4:11 am
I guess if AIG earns interest on the loan, then this will be credited to the US tax payer, similarly, if the business is later sold, the proceeds should go back to the tax payer. You are quite right of course, with risk should come reward.