Fed's $85 Billion Loan Rescues Insurer - NYTimes.com - The Diigo Meta page

• 17 Sep 08
  

  mezzo toscano
  • the Fed will make a two-year loan to A.I.G. of up to $85 billion and, in return, will receive warrants that can be converted into common stock giving the government nearly 80 percent ownership of the insurer
  • the real trouble involved the insurance that its financial products unit offered investors for complex debt securities

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