Collective Conscious

Like it did with GM, the gov­ern­ment has saved AIG from bank­ruptcy and pro­tected the econ­omy from a huge blow. Now AIG is pay­ing us back:

With the repay­ment of its oblig­a­tions to the Fed­eral Reserve Bank of New York on Fri­day, the Amer­i­can Inter­na­tional Group took a big step toward pay­ing down its $130 bil­lion taxpayer-​​financed bailout.

But per­haps the hard­est part remains: sell­ing off what has become a 92.1 per­cent stake held by the Trea­sury Depart­ment.

Con­grat­u­la­tions to the Admin­is­tra­tion on a job well done.