1.0 link 126947 <![CDATA[Does McCain Understand The AIG Crisis?]]> http://www.huffingtonpost.com/2008/09/17/does-mccain-understand-th_n_126947.html Last night around 7:30 p.m., news emerged that the federal government would bail out troubled insurance giant AIG with an $85 billion loan. In exchange, the federal government will own 79.9% of the company.

The bailout was an effort of last resort, meant to save AIG from being forced to declare bankruptcy &mdash; which would have made it the biggest bankruptcy of all time, with major reverberations across the economy considering its trillion-dollar balance sheet and global ties across...

]]> 2008-10-18T05:12:00-04:00