Dodging a Bullet ; a Huge Federal Bailout for Aig and an Up Day for the Markets Offer a Rattled Wall Street Some Relief
The Record, Bergen County, NJ › September 17, 2008
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Summary
American International Group
The news: The top U.S. insurer will get an $85 billion loan from the Federal Reserve to stay afloat. In exchange, the government will get a 79.9 percent stake in the firm.See the full content of this document
Extract
Dodging a Bullet ; a Huge Federal Bailout for Aig and an Up Day for the Markets Offer a Rattled Wall Street Some Relief
Why it's important: AIG is one of the world's biggest financial services players, and a collapse would hav...
See the full content of this document
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