AIG had a unique hand throughout the bodies. Here is where they fits certainly one of most other government applications
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New york (CNNMoney) — AIG have acquired good $150 mil bargain Saturday, but that’s just a small fraction of the brand new almost $step 3 trillion when you look at the monetary save yourself apps the us government has established to balance out the fresh You.S. savings.
New Federal Set aside and U.S. Treasury Institution officials caused AIG professionals along side weekend in order to restructure the unique bailout price, the core from which are a top-interest-rates loan.
Alarmed you to a keen AIG collapse carry out lead to good domino feeling about financial system and you may a loss in huge amounts of taxpayer bucks, government entities reworked the offer.
You to definitely brings up questions about potential authorities guidelines to other troubled organizations, instance vehicle manufacturer Standard Motors (GM, Fortune five hundred), hence told you Friday it was running dangerously reasonable into the dollars.
“Demonstrably there are many more areas looking being able to access TARP (Stressed Investment Recovery Program) financing, as well as the Treasury is going to work with the a technique you to will most effortlessly deploy the rest loans,” a good Treasury formal told you Saturday. (더 보기…)
