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Tuesday, July 18, 2017

How do you have $1 trillion and still get into financial trouble? (too much of a risk)



"And another day, another federal bailout. This is unbelievable to me. The Federal Reserve has just loaned the AIG Insurance Company $85 billion to keep it afloat. $85 billion. That is almost as much money as Barack Obama raised last night in Beverly Hills." --Jay Leno


"Let me ask you, why are we bailing out an insurance company? I mean, what's the first thing an insurance company does when you have a loss? They cancel your policy, right? That's what we should do, cancel their policy. 'Ooh, sorry, you're too much of a risk.'" --Jay Leno
"And AIG has assets of over $1 trillion. Not billion, $1 trillion. How do you have $1 trillion and still get into financial trouble?" --Jay Leno





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