World's largest insurer American International Group (AIG) posts biggest loss in its history and gets a revised bailout plan of $150 billion from US Government.

American Government had injected $85 billion in September to save AIG from bankruptcy but just after two months AIG is in the same position.

This time Government is again injecting more cash and in return taking back its shares. Last time bailout money was given as a loan. At that time America's capitalist leaders were not ready for taking stake in the company. But this time government decides to take a stake in the company for the money invested, a remarkable shift from capitalism and free trade policies.

Now the total bailout amount surged to $150 billion (7.2 lakh crore Rupees), largest bailout in the history.

The New York-based company said it lost $24.47 billion or $9.05 per share in Q3 compared to a profit of $3.09 billion, or $1.19 per share, a year ago.