AIG 85 Billion dollar Bailout

A CNN tv anchor was saying that the 85 billion dollars Loaned to AIG would run the Iraq War for 200 days to give you an idea how much money that is. Even though it is supposed to be a loan it is still 85 billion dollars of taxpayers money.

The good thing about it is that Businesses in 130 nations will be able to have business insurance as their is NO other insurance conglomerate this big on earth. Without certain kinds of insurance to pacify investors in those businesses they could not get any capital to operate. So American taxpayers keeping AIG afloat may help keep the world economy afloat and prevent millions and possibly billions of deaths from starvation all over earth the next 5 to 10 years.