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Federal Reserve to Give AIG Another $37.8B

By John Johnson, Newser Staff

Posted Oct 8, 2008 6:25 PM CDT

(Newser) – These days, $85 billion just doesn't go as far as it used to. The Federal Reserve said today it will provide AIG with an additional $37.8 billion to help the beleaguered insurance giant out of its liquidity mess, Bloomberg reports. The money is on... Read full story »

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Federal Reserve to Give AIG Another $37.8B

Federal Reserve • AIG • Federal Reserve Bank of New York • bailout • financial crisis

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More Newser Stories

Fed Duo Sounded Alarm Over AIG 'Gifts' to Banks

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