The federal government is stepping in to bailout AIG one more time. Just as the ailing insurance giant announced a massive $62 billion loss this morning, the biggest quarterly loss in history, the government stepped in to provide an additional $30 billion in taxpayer money. This is the fourth time the government has stepped in with money for AIG. This is the front page story from our partner the New York Times and it's reported by Andrew Ross Sorkin, who joins us now.
For more, read Andrew Ross Sorkin's article, U.S. Is Said to Offer $30 Billion More to Help A.I.G.
, in today's New York Times.