AIG to Get New $30B Bailout


	AIG to Get New $30B Bailout

muckdog

3-1-2009 4:51 PM

142 views

muckdog says:

YIKES. Throwing more good money after bad?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bf2727d9-513b-4071-99a4-5536f4e2b59c/C0BE36D6-F7FD-4DF4-81CA-7A7AE12804E7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html" href="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html"><H1><A id="title_permalink" href="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html">AIG To Get New $30 Billion Bailout</A></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.huffingtonpost.com/img/79710645-B32C-4E64-BD3E-96DB4ED0CC25" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html"><P>CHARLOTTE, N.C. — <A href="#" class="rcLink"  id="KonaLink0"><FONT color="#038258"><SPAN class="rcLink">American </SPAN><SPAN class="rcLink">International </SPAN><SPAN class="rcLink">Group </SPAN><SPAN class="rcLink">Inc</SPAN></FONT></A>. will receive additional federal assistance of up to $30 billion as part of a revamped government bailout, according to media reports Sunday, citing unnamed sources.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html"><P>The new funding, the fourth government rescue of AIG since September, is intended to support the New York-based insurer as it is expected to announce $60 billion in quarterly losses early Monday.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html"><P>Once one of the world's largest insurers, AIG has already received $150 billion in loans from the government. In return the government has taken an 80 percent stake in the insurer.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/03/01/aig-to-get-new-30-billion_n_170898.html"><P>Under the new deal, the U.S. Treasury and the <A href="#" class="rcLink"  id="KonaLink1"><FONT color="#038258"><SPAN class="rcLink">Federal </SPAN><SPAN class="rcLink">Reserve</SPAN></FONT></A> would provide about $30 billion in fresh capital to the insurer, lower the interest rate on a $60 billion loan and ease the terms of a $40 billion preferred share investment.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C0BE36D6-F7FD-4DF4-81CA-7A7AE12804E7/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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