Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (10457)	10/8/2008 5:32:06 PM
From: scion	Read Replies (1) \| Respond to of 12465

Fed grants AIG another loan of up to $37.8 billion 04:21 PM CDT on Wednesday, October 8, 2008 Associated Press dallasnews.com WASHINGTON — 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. dallasnews.com