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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bart13 who wrote (98519)	10/8/2008 5:06:05 PM
From: Ken98	1 Recommendation Read Replies (1) of 110194

WTF??? ANOTHER $37.8 BILLION for AIG? What, so they can give some more $$ to Goldie?? <<AP Fed grants AIG $37.8 billion loan Wednesday October 8, 4:49 pm ET By Jeannine Aversa, AP Economics Writer Fed grants AIG $37.8 billion loan besides one made last month to giant insurer WASHINGTON (AP) -- The Federal Reserve has agreed to provide insurance giant American International Group with a loan of up to $37.8 billion, on top of one made to the troubled company last month. Under the new program, the Federal Reserve Bank of New York will borrow up to $37.8 billion in investment-grade, fixed income securities from AIG in return for cash collateral. These securities were previously lent by AIG's insurance company subsidiaries to third parties. Last month, the Fed provided an $85 billion loan to the company, which was on the brink of bankruptcy.>>

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