
Apparently there's a lot of cash to go around at insurance company AIG, which makes a lot of sense considering the US government cut the failing giant an $85 billion bailout check. In fact, since Sept. 16, AIG has received $123 billion in loans from the Federal Reserve.
McCain Divided Over $85 Billion Bailout For AIG Republican presidential candidate John McCain isn't saying whether he supports or rejects the government's $85 billion bailout plan for the giant insurer AIG. McCain told ABC's Good Morning America on Wednesday that he didn't want to bail out American International Group Inc., the nation's largest corporate insurer. Yet he said millions of people whose finances were tied up in the company were in danger of having their lives destroyed.