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American International Group (AIG) Rescued by Federal Reserve
posted by arbaaz (105) 2 months ago (lastbull.com)
American International Group (AIG), the biggest insurer of the world was rescued by Federal Reserve. AIG was struggling to continue as the company’s Credit Default Swap wing earned billions of dollars loss. Federal Reserve agreed to give a loan of $85 billion to stop the collapse of the Wall Street. With this loan the US [...]
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