More help for AIG
The government has decided to help AIG out again.
They decided to give AIG another extension of $30 billion dollars. The company has spent most of it’s cash trying to find buyers to pick up some of the business, to pay back the government but, to no avail.
At this point they now owe $150 billion.
The federal reserve will take stakes in two of the international units.
This is the forth time they have stepped in to help out this company.
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