US government bails out AIG

The US government will provide an US$85bn (€59.9bn) emergency loan to rescue the huge insurer AIG, the Federal Reserve said today.

US government bails out AIG
Wed, 17 Sep, 2008 - 08:10

The US government will provide an US$85bn (€59.9bn) emergency loan to rescue the huge insurer AIG, the Federal Reserve said today.

The bank said the US Treasury Department fully supported the decision.

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