Financial Crisis: AIG

As it stands right now, our economy is sitting in the toilet ready to be flushed; unless we can revive the laying waste that is our financial market. President Obama commented on a 60 Minutes interview on the situation at hand and believes that in retrospect the action taken to grant AIG the aid of a bailout was the right decision. AIG is one of the largest insurance companies of America and if we can help them get back on track it will ultimately help get the rest of the economy back on track. Obama also stated that Wall Street needs to realize that they cannot expect to get the same perks and privileges that they’ve had in the past because of the downturn the economy has taken, and they had a large stake in causing it with their shenanigans.