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financial crisis, bailout
(Image from article: "It was a low-down, no-good godawful bailout. But it paid.")

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Ex-CEO Greenberg: Don't blame me for AIG failure

Four and a half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don't blame me....

 

Greek deal -- first on, then off -- pushes stocks down

As is increasingly the case with the European financial crisis, the story changed between the time the evening papers went to bed Thursday night and the traders woke up Friday morning.

 

It was a low-down, no-good godawful bailout. But it paid.

It was a low-down, no-good godawful bailout. But it paid.

But you know what? The bailout, by the numbers, clearly did work. Not only did it forestall a worldwide financial meltdown, but a Fortune analysis shows that U.S. taxpayers are also coming out ahead on it — by at least $40 billion, and possibly by as much as $100 billion eventually. This is our count for the entire bailout, not just the 3 percent represented by the massively unpopular Troubled Assets Relief Program. Yes, that’s right — TARP is only 3 percent of the bailout, even though it gets 97 percent of the attention.

 

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