Why did the government give AIG a loan of $85 billion after refusing to loan money for
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Question:
Why did the government give AIG a loan of $85 billion after refusing to loan money for the Lehman Brothers acquisition?
| A. | AIG has better lobbyists than Lehman did. | |
| B. | Congress is spending money because they can, and spending money on AIG (even through loans), was seen as a “sure fire” way to get re-elected | |
| C. | AIG was the world’s largest bank. This was seen as a way to make sure that the largest bank was stabilized, so that it could help ensure the stability of other banks, and avoid a Depression. | |
| D. | AIG was the world's largest mortgage insurance company. This was seen as a last effort to prevent the housing and mortgage giants from going under, pulling our country into a Depression |
Expert Answer:
C AIG was the worlds largest bank This was seen as a way to make sure that the l... View the full answer
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