AIG’s loans so far come to $1.4 million per employee, and many of whom are stationed overseas. But their requests for more cash and better terms got speedy approval, while the auto industry, on whom far more jobs depend, may be dealt a deadly blow due to the failure to due a basic investigation of likely consequences.
I get the point. But throwing money down a rat hole is throwing money down a rat hole regardless if it is the Big Three or AIG. My solution for this injustice would be to stop giving money to AIG.