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Archive Home > 2008 > September > 16 > AIG finds itself in a race for cash

AIG finds itself in a race for cash

Troubles add new layers of complexity to credit crisis

By Mary Williams Walsh and Michael J. de la Merced / The Bulletin
September 16, 2008

Major credit ratings agencies downgraded the American International Group late Monday, worsening its financial health, as Federal Reserve officials and two leading investment banks were in urgent talks to put together a $75 billion line of credit to stave off a crisis at the company. The credit....

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