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Guess what America? You bailed out AIG and you’re not getting it back!

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Well you can’t say you did not see this coming.

Taxpayers have lent AIG $132.6 billion, but getting that money back is looking less likely.

The sale of AIG’s Asian life insurance unit for more than $35 billion would have helped a lot, but the deal went bust this week when the buyer, Prudential PLC, sought a lower price.

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Written by Jason Gooljar

June 5th, 2010 at 3:42 pm

Posted in Corporatism

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