Tuesday, November 11, 2008

 

Will AIG Be Able to Repay Taxpayers?

The government hiked the amount of help it’s giving troubled insurance company American International Group today. Now taxpayers could put out as much as $173.4 billion for the company across five different programs, some of which offer the government some collateral. It’s the latest increase in a series that began Sept.10 when the government extended AIG an $85 billion line of credit.

Will AIG Be Able to Repay Taxpayers?
Source: Business Week

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