GC Asia
US government stumps up for AIG — yes $152.5bn
The US Treasury is restructuring its bail-out of AIG, the troubled insurer, and providing it with up to $152.5bn, up from the original $85bn credit facility, and an additional $37.8bn on October 8.
While the $85bn emergency bridge loan was essential to prevent a bankruptcy, the new arrangement ...Please take a trial or subscribe to access this content.
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