Fed Grants AIG Additional $37.8 Billion Loan
The Federal Reserve has agreed to provide insurance giant American International Group 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.

Last month, the Fed provided an $85 billion loan to the company, which was on the brink of bankruptcy


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When are they going to let these people fail................... They cant now they have too much invested to stop now...

Vote with your wallets people.

 

I'm so frustrated... God dammit, why can't we let these POS companies fail already!

 

And these "loans" will all be repaid. Mmmmmkay.



wtf. Let these companies die. Tell them to stop paying CEO's $40m a year so they can creatively hide 5 years of losses from investors then take off as the **** hits the fan.

 

You see the wamu ceo. He got an 8 million dollar signing bonus, and a 12.5 million dollar severance package, all for working 17 days.............

I can't wait for some more nuts to try and argue how this guy earned the money and deserved it.

 

AIG's guys spent nearly a half- mil on a wing-ding in LA after their last 85 billion dollar "emergency" loan, I wonder how they plan to celebrate this time?

 

looks like its "training" at the Ritz Carleton here in Half Moon Bay;

http://www.bloomberg.com/apps/news?p...fSQ&refer=home

 

This is so rediculous. I am so tired of this crap. People are so darn greedy these days. Get off the crack your smoking and live in the real world...

 

Let the good times roll...

 

Someone is going to go postal with all of this crap. Stay away from the Half Moon Bay Ritz.