The Washington Independent

Posts Tagged lehman bros. aig

Unapolgetic Titans of Finance

By | 10.09.08 | 5:00 pm

Three weeks after the Federal Reserve threw an $85-billion lifeline to the American International Group, the Fed gave another loan Wednesday to the world’s biggest insurer. This extra money could total $37.8 billion. An AIG spokesman said the second lifeline is necessary to deal with an “extraordinary situation in the More…