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After all the money AIG's had shoveled at it, why does it need another $10 billion? Because, as the Wall Street Journal reports, the money its gotten from the government are supposed to pay off its bad CDS bets -- essentially, the money went to retiring the underlying CDO.

link: (http://finance.yahoo.com/tech-ticker/artic...)
submitted by: GreenApples   Dec 10, 2008
category: News keywords: money, aig, bailout, hole, debt
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If your company can not survive after dumping over $100 Billion into it, then why should you have ever gotten a loan in the first place?
posted by: MrArthur     Dec 10, 2008

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