Why/How is AIG using the taxpayers’ money?

I found this lecture video explaining quite well why and how AIG is using the taxpayers’ money for this whole financial mess. Before watching this, you should watch this past post Crisis of Credit Visualized first to understand the bigger picture.

http://vimeo.com/moogaloop.swf?clip_id=3841214&server=vimeo.com&show_title=1&show_byline=1&show_portrait=0&color=&fullscreen=1

After watching this video, you should know why the taxpayers have been so upset at AIG.

If you want to dig deeper into these financial background details, you can check out these Whiteboard videos yourself.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s