Kruse Kronicle

Tag: American International Group bailout

  • Government steps in again, bails out AIG with $85B

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    by

    mwkruse
    in ,

    Yahoo News: Government steps in again, bails out AIG with $85B WASHINGTON (AP) — The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money. Under the deal, the government will get a 79.9 percent stake in AIG and the…