Tuesday, September 16, 2008

Fed Steps in to Save AIG
Goldman and Morgan Stanley could not put together a $75 billion loan, so the Government steps in with an $85 billion loan to save AIG. I have read several articles on the loan but am still not clear what the end plan is for AIG. I am guessing its various business will be sold. AIG may need Hank Greenberg just to figure out what it owns.

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