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Editorial

New doubts on AIG bailout

November 14, 2011

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Although both the recent Greek debt crisis and the collapse of AIG three years ago have some similarities, there is one big difference. Whereas those owed money by the Greek government will probably have to settle for roughly 50 cents on the dollar, AIG’s creditors got paid in full by American taxpayers. Now the General Accountability Office is questioning whether that was truly necessary.

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