Where are the Smartest Guys in the Room now? They should be in Stockades in the Village Square? They're walking away and GREED still rules with few consequences
Fed in AIG rescue - $85B loan - Sep. 16, 2008: "By Tami Luhby, CNNMoney.com senior writerLast Updated: September 17, 2008: 10:21 AM EDT
NEW YORK (CNNMoney.com) -- In an unprecedented move, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
The Fed authorized the Federal Reserve Bank of New York to lend AIG (AIG, Fortune 500) the funds. In return, the federal government will receive a 79.9% stake in the company.
Officials decided"
No comments:
Post a Comment