17
Sep
2008
Fed’s 80% stake for a $85 billion loan to AIG
The shining white knight finally appears. And it is Federal Reserve.
American International Group, Inc. (AIG), is the World’s leading international insurance organization with operations in more than 130 countries and jurisdictions. If something like this were to file for bankruptcy, it would have meant trouble, and a possible market crash seems imminent.
I had thought AIG [...]