Monday, March 02, 2009

Should the Govt Bail Out AIG? No.

Why? Take a look at this. It's AIG's dividend payout for the last 6 years. In the last quarter of last year, it was 22 cents/share. That's the largest dividend they've paid out, or at least the largest in the last 6 years.

If a company can pay out a dividend of 22 cents, more than they have ever done, they don't need a bailout.

I guess it gets a bit different when the Govt owns 80% of the company...So now, at least, we're not enriching those effing financial idiots.