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Tag: aig

Corporate Welfare Federal Reserve Financial Sector GDP

Financial Sector Costs Us More than Any Other Sector In Economy

Post author By Mike P. Sinn
Post date April 11, 2016

The financial sector receives more of the average paycheck than any other sector of the economy. Its share of the economy totals $2 trillion dollars. In 1985, the financial sector earned less than 16% of domestic corporate profits. Today, it’s over 40%. In the 1960s, finance and insurance accounted for only 4% of GDP, whereas in 2007 […]

Post author By Mike P. Sinn
Tags aig, banks, economic crisis, economy, election, financial contribution, financial industry gdp, financial institution, financial sector, gdp share, goldman-sachs, government, lobbying, merril-lynch, political investment, wall st, wall street, where your tax dollars are going

Corporate Welfare

What Would Have Happened If We Let AIG Fail?

Post author By Mike P. Sinn
Post date April 13, 2009

The average household in America had to shell out around $2000 to make sure that AIG’s counter-parties wouldn’t have to accept the risks they took.

Post author By Mike P. Sinn
Tags aig, banks, credit default swap, subsidies, wall st