Federal Reserve rescues AIG in $85-billion plan

1points Posted 115 days, 22 hours ago by Bronwen

In the largest single financial intervention in the US's history the Federal Reserve will loan insurance giant American International Group Inc. $85 billion to finance the company's liquidation over the next two years.

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Source: http://www.latimes.com/business/la-fi-econ17-2008sep17,0,344…

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