Federal aid may offer AIG a competitive advantage in ailing industry
(NEWSER) - AIG’s troubles were quickly blamed on a single, obscure wing of the company, but its problems extend to its core life-insurance division—underscoring dangerous weaknesses across the entire industry and pointing to the possibility of a second financial crisis, the Los Angeles Times reports. What's more, by offering AIG a federal lifeline, the behemoth at the eye of the storm may have an unfair competitive advantage over smaller rivals. More»
