AIG.. got some kind of a Payday Loan from the Govt.
It’s all over the news. That is what’s on everyone’s mind. What if the biggest insurance company in the world falls into bankruptcy? That would trickle down to you and I in a way unimaginable. It would be unbelievably surreal and we all wouldn’t know what could happen after its collapse. The Feds showed its concern for the public and for the American people by giving AIG some kind of a Cash Advance if may. They were given an 85 Billion loan with 11 point something in interest. Yes, it’s quite a hefty loan but it gives AIG the chance to recover and hopefully come back out positive in the long run.
That is similar to a Payday Loan. It is an advance that is given to you in order that you may recover from whatever it is that is holding you back financially. Payday Loans are available nationwide and is advantageous for people who are looking to bridge the gap between paychecks. It’s not unusual. It happens to everyone. Emergencies do come and in these cases, you may obtain a loan to tide you over until the next paycheck. Let’s say you live in Arizona, there are Arizona payday loans available to you. Wherever you are in the U.S., you can find these loans to help you in this unpredictable economy.
Let’s hope that the bailout done by the Feds would provide AIG the means and the power to re-organize and get the company back on its feet. Fingers crossed!
