March 2007 advertisement on the back cover of National Geographic:
AIG - It doesn't take a rocket scientist to know we'll be there for future rocket scientists.
"When it comes to your money, nothing about the future is certain. But for over 85 years, people have secured their financial futures with the AIG companies. Whether planning for college, protecting your family or saving for retirement, our strength and experience mean we'll be there for you, for generations to come."
March 2009 Los Angeles Times headline:
Feds give AIG $30 billion more.
"The additional resources will help stabilize the company, and in doing so help to stabilize the financial system," the Treasury Department said in an early morning statement.
2 comments:
My parents use to tell me "don't throw good money after bad." Bailouts = throwing good money after bad until there's no money left, then printing more. Hail Obama!
I heard that the amount of money that AIG went through in the last few months is equivelent to the entire net worth of McDonald's. I don't get it. I've never been good at math, but this is just beyond comprehension to me.
When the bailout thing first came around and AIG first started lining up in the bread line, my class was studying Propaganda, and we were going through magazines, and ironically we discovered the same advertisement. Learning opportunities. Too bad everyone can't learn the same.
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