Best of Hoofy & Boo: AIG from A to Z
Hoofy & Boo explain the AIG fiasco.
Even when the news cycle was slow, Hoofy & Boo could always find the most insignificant story and make it at least seem important enough to devote just short of two minutes and thirty seconds of their time to tell us all about it.
Looking back over all 130 broadcasts, we realized something: Every now and again, the writers churned out a decent episode.
And now, as we enter 2010, we present The Best of Hoofy & Boo.
AIG from A to Z
The collapse and eventual quasi-nationalization of AIG (AIG) represented one of the most complex situations to emerge during the financial crisis.
After facing a massive liquidity crisis, AIG's share price fell 95%. The Federal government stepped in to save the company with a massive $85 billion bailout.
But how did this all happen?
Join Hoofy & Boo for a simple, and easy to understand explanation of one of the nation's most complicated financial disasters.
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