A forum for discussing financial economics, structured finance and investment management
Wednesday, October 08, 2008
Another $38B for AIG
Pretty soon, we'll be talking real money here. Evoking its emergency powers to combat financial market stress, the Federal Reserve said it was lending $37.8 billion in additional cash to troubled AIG.
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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