With casual talk of trillions of dollars being needed to resolve our many economic debacles, AIG losing $61.7 billion in 2008's fourth quarter doesn't sound so awful...That is, until you put that record-breaking number into context.
The Associated Press offered real-world comparisons to help us get our heads around the incredible depth of red ink in which AIG is swimming, noting that with $62 billion, you could:
o Pay the salaries of every player of every Major League Baseball team in 2008--about 23 times!
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