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AIG bailed out by the Fed with $85 Billion Loan

September 17, 2008 – 8:40 am – No Comment

The reason for the bail out is that a failure of such a large insurer would disrupt the financial markets and could tip an already teetering economy.
AIG, American International Group Inc, will get up to $85 billion in a 2 year loan. The government …

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