To: TobagoJack who wrote (40898 ) 10/8/2008 8:26:58 PM From: Joe S Pack 1 Recommendation Read Replies (1) | Respond to of 218857 Now this pig AIG wants another $37.5B. Which, I guess, will eventually end up in GoldmanSach's earnings. Multi-decade long drug addiction cannot be cured in a one shot deal. Continuous fixes are the only way out. Fed grants AIG $37.8 billion loan The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. 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. The arrangement will help AIG secure funds on an as-needed basis, the New York-based insurer said in a statement. As of Monday, about $37.2 billion of securities were available for loans under AIG's securities lending program. On the brink of failure last month, AIG was bailed out when the government offered it an $85 billion loan during the ongoing credit crisis that saw Lehman Brothers Holdings Inc. file for bankruptcy protection and the sale of Merrill Lynch & Co. to Bank of America Corp. In return for the two-year loan, the government received warrants to purchase up to 79.9 percent of AIG. As of Sept. 30, AIG had drawn $61 billion on the credit facility, of which about $54 billion has gone toward its securities lending and AIG's financial products area. The rest of the money has been for other liquidity needs amid an "unprecedented" freezing of credit markets, Chief Executive Edward Liddy said last week. .... ----- all who reside in hkg realize we are all financial refugees, and so we must have conviction in the truth never mind the lies of highschool, university, media, politicians, because we must take care of ourselves, without safety net allowed us by others all that is haappening had happened before, with unimportant variations, and the cogent script is here, truth, as a free download achamchen.com pelosi's pitiful yelping about more money needed is exactly per script in fiat money inflation in france 300 years ago