AIG Rescued

17 09 2008

At least AIG will survive just for now. The latest news is the Federal Reserve lent $85 billion to AIG insurance. If it’s not for Federal Reserve, AIG is likely to follow the same faith as Lehman Brothers. This would make AIG float for awhile. But would it later sink??

Treasury Secretary Henry M. Paulson Jr.

Treasury Secretary Henry M. Paulson Jr.

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One response

17 09 2008
britishpolitics

I don’t think the Fed has a choice because the ramifications if they had not intervened, the impact would have been felt around the world. When the financial markets have settled down, there needs to be a period of reflection and if necessary, more regulation and oversight in the this sector.

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