Q: Did Congress bail out AIG because it insures members’ pensions? A: This widely e-mailed claim is a hoax. It actually was the Federal Reserve that bailed out AIG, not Congress. And federal pensions aren’t insured by AIG or any other company. Click to Read the Full Post Read More →
Q: Would 3 million jobs be lost if U.S. automakers go under? A: The 3-million-jobs figure is based on doomsday assumptions that are unlikely to materialize. Independent economists put the job loss in the hundreds of thousands if GM and Chrysler go under. Ford has said it can survive on its own for now. Click to Read the Full Post Read More →
