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November 10, 2008

More money down the sinkhole

Posted in: Uncategorized

AIG:

Embattled insurance giant American International Group, set to reveal its latest financial results on Monday, is reportedly close to securing a new bailout deal from the federal government.

The Wall Street Journal, citing sources familiar with the matter, reported Sunday evening that AIG’s board was close to approving significant changes to the terms of the $123 billion in loans extended so far, and might announce a revised $150 billion deal as early as Monday.


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