More than $100 Billion Dollars AIG Bailout Funds Were Paid to the National and International Banks More than $100 billion dollars from the AIG bailout funds have been paid to the US and European banks. The major receivers of the funds were Goldman Sachs, Deutche Bank and the Societe Generale. The paid money is used
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The Aig 60 Billion Dollar Loss Signified A Failed Management Strategy. The news of Aig 60 billion dollar loss didn’t catch the financial pundits unawares, many of whom have been expecting that the company would explode someday because it has been sitting on a keg of gunpowder in the way the management of Aig spend
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ACORN Lending Scandal Allegations Include ACORN Creating 2008 Foreclosure Mess. ACORN, the Association of Community Organizations for Reform Now, had only been trying to help the less privileged have an easier time getting ahead in the capitalist world but instead became one of the leading causes of the Subprime Mortgage Crisis, which brought down financial
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An Acorn Lending Scandal Allegation Would be One More Allegation of Wrongdoing Against an Organization Hit With Many Allegations Lately. An ACORN lending scandal allegation may not be too far-fetched a notion. Sub-prime loans essentially lie at the heart of the financial crisis; these were loans that involved lending money to people that really had
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The Acorn Group Has a Preset Agenda With the Requisite Need for Funds. Acorn, the Association of Community Organizations for Reform Now, is the nation’s largest community organization of low and moderate income families. Acorn group isn’t good nor bad; but it is unapologetically a political organization. Political organizations, by their very nature, have an
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The 1979 Government Auto Bailout Paved the Way for Government Takeover. The 1979 government auto bailout has some eerie similarities to the current situation that the auto industry is facing today. The taxpayer in 1979 was told that the auto bailout of Chrysler had to occur to prevent the downfall of the economy in much
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