AIG Claims $1.8 Billion “Profit”

By Justin Gardner | Related entries in Economy, Money

The company that literally almost brought it all tumbling down about a year ago right around this time is back in the black?

Not so much.

More from Politics Daily…

For the first time since 2007, AIG on Friday claimed a profit. The insurance giant reported second-quarter net income of over $1.8 billion. That’s still just a fraction of the $180 billion that AIG received as part of a government bailout in 2008. AIG’s chief executive claimed that the profits demonstrated “stabilization,” while acknowledging that parts of the company were still troubled.

Listen, until they pay back the money they owe the government, there is not such thing as profit for AIG.

This entry was posted on Friday, August 7th, 2009 and is filed under Economy, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “AIG Claims $1.8 Billion “Profit””

  1. Mike Says:

    So… we gave AIG a big chunk of change so that they would not be successful?

    Yes, they are 180 billion in debt to the taxpayers. Yes, they also made 1.8 billion in profits last quarter. Good for them. I hope they make much more profit so that they can pay us back.

Leave a Reply


You must ALWAYS fill in the two word CAPTCHA below to submit a comment. And if this is your first time commenting on Donklephant, it will be held in a moderation queue for approval. Please don't resubmit the same comment a couple times. We'll get around to moderating it soon enough.

Also, sometimes even if you've commented before, it may still get placed in a moderation queue and/or sent to the spam folder. If it's just in moderation queue, it'll be published, but it may be deleted if it lands in the spam folder. My apologies if this happens but there are some keywords that push it into the spam folder.

One last note, we will not tolerate comments that disparage people based on age, sex, handicap, race, color, sexual orientation, national origin or ancestry. We reserve the right to delete these comments and ban the people who make them from ever commenting here again.

Thanks for understanding and have a pleasurable commenting experience.

Related Posts: