Another "AIG Subsidy": Corporate Welfare Wealth Destroyers Take From Taxpayers

"US to give AIG another $30 billion 'as needed'" from AP reports that AIG, who has received billions to bail out their incompetence and efforts to kill off capitalism, will now receive a welfare subsidy from the taxpayers as it lost over $61 billion.

"AIG’s reward for failure: Another $30 billion in taxpayer-backing; Update: $61.7b 4th quarter losses" from Michelle Malkin

 "Too big to fail AIG gets another 30 billion" from Hot Air

"U.S. rescue efforts may risk double-dip recession" by Reuters

The government on Monday unveiled a revamped rescue package to insurance giant American International Group. The new package comes as the company has burned through cash and has been unable to find buyers for pieces of its company that it hoped to sell to repay the government on its existing aid package, which totals some $150 billion.

AIG, once the world's largest insurer, said Monday it lost $61.7 billion in the fourth fourth, the biggest quarterly loss in U.S. corporate history, amid continued financial market turmoil.