Exactly How Big Is AIG's Bailout?
A popular figure used to tally the federal bailout of troubled insurance giant AIG is $180 billion. Big number. Tidy number. Sure-to-get-Congress's-ire-up number.
But it may be a little too big of a number, the independent nonprofit journalism outfit ProPublica reports today.
According to an analysis, ProPublica has determined that so far taxpayers are on the hook for "only" about $134 billion. The $180 billion figure includes all the federal money that could be extended to AIG through lines of credit at Treasury and the Fed.
We've used the $180 billion figure but have amended it recently to say $180 billion "given or promised" to AIG. ProPublica clarifies it nicely.
Click here to see breakdown of the AIG bill so far.
Also, click here to see a useful bailout tracker that ProPublica put together some months ago and updates and that has been of particular help to The Ticker.
July 7, 2009; 3:36 PM ET
Categories: The Ticker | Tags: AIG, ProPublica
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Posted by: Dermitt | July 8, 2009 11:23 AM | Report abuse
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