AIG Bailout 3.0: Government Steps In Again After Largest Ever Corporate Loss

AIG reported fourth quarter earnings today and they lost $61.7 billion in the quarter, which is the largest quarterly loss ever for a US company. This prompted a phase 3 bailout of the company by the government, this time $30b was committed, bringing the total to about $170b. Previous news is here, or you can also click the AIG tag below.