First, Fannie Mae and Freddie Mac were seized—Communist style—by the federal government. Then Lehman Brothers—which was worth $45 billion as recently as November—announced plans to file for bankruptcy. And now AIG, formerly one of the largest companies in the world, has been taken over by the Federal Reserve.
In 2000, American International Group, an . . . → Read More: AIG Bailout: Is the U.S. Going the Way of the Soviet Union?