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 to $37.8 billion in investment-grade, fixed income securities from AIG in return for cash collateral. These securities were previously lent by AIG's insurance company subsidiaries to third parties.
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2 comments:
Please everyone from Chicago don't let the Mr. Kitty read this he will be spitting fur balls.
This is one reason why the World doesn't trust the USA. My suggestion to all those who have money in AIG is take it out, those companies that have retirement funds take it out, those who have anything in AIG take it out and go to another company.
This is an example of why Americans don't trust the US Law Makers. They lie to your face and steal your tax dollars.
Hey,
Remember when people got pissed and sent their phone records to the NSA? I think it is time for all of us to dig through our stuff and send copies of our old grocery store receipts for shampoo, haircut bills, hotel bills, manicure (I don't have any manicure or pedicure bills) bills, massage bills (don't have any of those either), and copies of old tax returns (with the SSN cut out 'cause I don't trust those bastards) to:
AIG
70 Pine Street
New York, NY 10270
Send a little note asking for a refund.
:-)
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