But I thought they needed $40bn?
Seems to have stabilized at about -50%. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
From 60 to 0 in 6 months... In the long run, we're all dead. John Maynard Keynes
YEEHAW! Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
IG thrown $20bn lifeline US authorities were on Monday fighting a fresh fire in the crisis on Wall Street, throwing a $20bn lifeline to AIG, one of the world's largest insurers, just hours after the collapse of Lehman Brothers and Bank of America's $50bn rescue takeover of Merrill Lynch. The deal between AIG and New York State insurance regulators allows the company to access $20bn of its own capital in a desperate attempt to stave off a liquidity crisis and credit downgrades.
US authorities were on Monday fighting a fresh fire in the crisis on Wall Street, throwing a $20bn lifeline to AIG, one of the world's largest insurers, just hours after the collapse of Lehman Brothers and Bank of America's $50bn rescue takeover of Merrill Lynch.
The deal between AIG and New York State insurance regulators allows the company to access $20bn of its own capital in a desperate attempt to stave off a liquidity crisis and credit downgrades.
