Thursday, October 09, 2008
AIG Hits Up Fed for More Money
The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-needed cash.
In exchange, AIG is giving the New York Fed investment-grade, fixed-income securities that it had previously lent out to other institutions for a fee. Those institutions are now returning these securities and want their money back.
AIG Hits Up Fed for More Money
Source: CNN Money
In exchange, AIG is giving the New York Fed investment-grade, fixed-income securities that it had previously lent out to other institutions for a fee. Those institutions are now returning these securities and want their money back.
AIG Hits Up Fed for More Money
Source: CNN Money
Permalink posted by armandn @ 7:37 AM 
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