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Archive Home > 2008 > September > 17 > Fed to rescue AIG with $85B loan

Fed to rescue AIG with $85B loan

Move is abrupt turnaround for Fed, signaling depth of financial crisis

By Peter G. Gosselin, Maura Reynolds and Martin Zimmerman / The Bulletin
September 17, 2008

WASHINGTON — In the largest single financial intervention in the nation’s history and a measure of the depth of America’s financial crisis, the Federal Reserve will lend insurance giant American International Group Inc. $85 billion to finance the company’s....

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