Give us $30 bil in unmarked notes... or we'll kill your economy

AIG sent the Treasury a ransom letter four days before receiving ANOTHER $30 billion:

An AIG report to the Treasury Department last month warned that if the government didn’t come to its rescue again, its collapse would trigger a “chain reaction of enormous proportion” that would “potentially bankrupt or bring down the entire system” and make it impossible for AIG to repay the billions it already owed the U.S. government.

Four days later, AIG was given $30 billion in federal aid on top of the $130 billion it had already received.

You can read AIG’s ransom note here.

Posted by James on Tuesday, March 10, 2009