khosk
03-01-2009, 10:22 PM
AIG will get 30 Billion more. They have already received a 150 billion in bailouts. Here is the kicker, some analysts think that AIG's losses may be as high as 2 trillion dollars.
http://www.reuters.com/article/americasDealsNews/idUSTRE52107220090302
The U.S. government has agreed to pour $30 billion in additional equity into struggling insurer American International Group Inc, one of several moves to sweeten a bailout which left the insurer struggling, sources said on Sunday.
The agreement includes more lenient terms on an existing government investment in AIG preferred shares and a lower interest rate on a $60 billion government credit line, a source familiar with the matter told Reuters.
http://www.reuters.com/article/americasDealsNews/idUSTRE52107220090302
The U.S. government has agreed to pour $30 billion in additional equity into struggling insurer American International Group Inc, one of several moves to sweeten a bailout which left the insurer struggling, sources said on Sunday.
The agreement includes more lenient terms on an existing government investment in AIG preferred shares and a lower interest rate on a $60 billion government credit line, a source familiar with the matter told Reuters.