New York, NY —
The taxpayer bailout of AIG is growing. Over the weekend, the Fed and the Treasury brokered an additional $40 billion for the mega-insurer, bringing the total rescue package to $150 billion.
And now a local lesson in why AIG was considered too big to fail, and why the rescue may have come too late for New Jersey commuters.
How are bus and train riders affected by AIG's troubles? We'll find out now from Kris Kolluri, the departing Transportation Commissioner for New Jersey.
