Entries from InsWeb’s Insurance Blog | Auto, Home, Life, Health, and more tagged with 'American Insurance Group'
$85 Billion Government Loan Staves Off AIG Bankruptcy
The Federal Reserve Bank announced on Tuesday an $85 billion loan to protect American Insurance Group Inc from financial collapse. In exchange for an 80% stake in the insurance giant, the loan will stave off the biggest corporate bankruptcy in history. Experts predict AIG's failure would have thrown global financial markets into turmoil....
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