Bailout Number Three For AIG
Via MarketWatch: NEW YORK – The U.S. government said Monday that it is revamping its bailout of insurance giant American International Group, committing up to another $30 billion of taxpayer money and increasing its stake in the company to keep the firm from failing on its financial contracts. The government also said Monday that AIG still .. read more
On March 2nd, 2009,
posted in: Markets by Marcelo Perez Tags: aig bailout, aig earnings report, bridge loan
2 Comment
AIG Bailout – Redux
The Treasury Department has restructured the AIG bailout in an attempt to buy more time for the company to unwind their CDS business. The plan has the Treasury using the TARP to buy preferred stock and also to purchase some of the bad assets from AIG. The magnitude of the losses at AIG are just .. read more
