Tuesday, November 11, 2008
The revised bailout of American International Group Inc. marks a new phase in the government's effort to shore up financial markets: It's the first time cash from the rescue fund Congress created last month has been committed to a failing company. Taxpayers are ``keeping the zombie alive,'' said Robert Eisenbeis, former director of research at the Atlanta Fed. ``We keep getting deeper and deeper into these holes.'' and ``Are you going to do General Motors and Ford, and, if you do those, are going to go on and do retailers?'' said William Isaac, chairman of the Secura Group LLC. `` Where does it stop? That is a very difficult decision we are going to face.''