Check out this interesting article; concerning AIG making a turn-around while attempting to stabilize and repay a $120 billion in taxpayer loans. Stocks have bounced back 275% since the beginning of August. Sounds like the stockholders have found that hidden treasure found in a money glitch game that makes money increase out of nowhere. Especially since taxpayers' have a 79.9% interest in the company. Does the new CEO Robert Benmosche have what it takes to get this company through this money glitch recession and back on a self-efficient foundation?
AIG has stabilized thanks to a massive government bailout, but more than $120 billion in taxpayer loans to the insurance company remain at risk, according to a report issued Monday by a bailout overseer.
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