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New york (CNNMoney) — AIG have obtained an effective $150 billion package Saturday, but that is only half new nearly $3 trillion into the monetary save your self programs the government has generated to help you stabilize this new U.S. discount.
The new Federal Reserve and You.S. Treasury Service officials caused AIG executives along side sunday to help you restructure their fresh bailout offer, the brand new key where is a top-interest-speed financing.
Worried one to a keen AIG failure perform bring about an excellent domino impact regarding financial system and you will a loss in vast amounts of taxpayer cash, the federal government reworked the offer.
One to raises questions about potential bodies assistance with other stressed businesses, instance car maker General Vehicles (GM, Fortune 500), and this told you Saturday it was running dangerously lowest with the cash. Read More