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AIG Has Already Spent Most of $123B Bailout

Ailing insurance giant warns it may need more help

By Clay Dillow, Newser Staff

Posted Oct 24, 2008 9:05 AM CDT

(Newser) – Struggling insurance giant AIG, recipient of the largest government bailout in history, has burned through three-quarters of its $123 billion financial lifeline, the Washington Post reports. As of yesterday, AIG has withdrawn $90.3 billion from the Federal Reserve’s credit line, mostly to pay... Read full story »

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AIG Has Already Spent Most of $123B Bailout

Ailing insurance giant warns it may need more help

AIG • mortgage backed securities • subprime crisis • bailout • Wall Street bailout • financial meltdown

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