Monday, November 10, 2008

 

AIG's New Deal: Feds Ease Loan Terms, Provide Capital

The Treasury Dept. and the Federal Reserve say they are restructuring the more than $100 billion in assistance provided to shaky insurance giant American International Group Inc., easing lending terms, replacing some of the company’s existing government credit lines with a capital investment and establishing pools to buy assets from AIG.

AIG's New Deal: Feds Ease Loan Terms, Provide Capital
Source: Business Week

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