![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small}
....and here's the next taxpayer bailout....
If you look back a few months, I wrote that we would see more government bailouts- well here you go. Apparently, the government can bailout companies when they get in trouble, but not individuals. Because that would be........oh I don't know.......compassionate?
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Breaking News Alert
The New York Times
Tuesday, September 16, 2008 -- 7:21 PM ET
-----
Fed to Give A.I.G. $85 Billion Loan and Take 80% Stake
In an extraordinary turn, the Federal Reserve agreed Tuesday
to take a nearly 80 percent stake in the troubled giant
insurance company, the American International Group, in
exchange for an $85 billion loan.
Read More:
http://www.nytimes.com/?emc=na
**************************
Breaking News Alert
The New York Times
Tuesday, September 16, 2008 -- 7:21 PM ET
-----
Fed to Give A.I.G. $85 Billion Loan and Take 80% Stake
In an extraordinary turn, the Federal Reserve agreed Tuesday
to take a nearly 80 percent stake in the troubled giant
insurance company, the American International Group, in
exchange for an $85 billion loan.
Read More:
http://www.nytimes.com/?emc=na
