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Archive Home > 2008 > October > 09 > Fed to give AIG additional $37.8B

Fed to give AIG additional $37.8B


October 9, 2008

CHARLOTTE, N.C. — The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the troubled company last month. Under the new program, the Federal Reserve Bank of New York will borrow up....

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