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Real Estate & Property Law

: Housing Wire

AIG Posts Loss, Gets Additional Treasury Aid

By KELLY CURRAN

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The Federal Reserve and the U.S. Treasury announced Monday they will come to the rescue of American International Group Inc. (AIG: 2.28 +8.06%), once again. The Fed and Treasury’s agreement to restructure government support for AIG was unveiled as the insurance giant reported an eye-popping $24.47 billion in third-quarter losses. Under the restructured plan, the Treasury will [...]

Full post as published by Housing Wire on November 10, 2008 (boomark / email).

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