US government stumps up $152.5bn for AIG ­— yes $152.5bn

14 Nov 2008

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 ...

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