by Bill McBride on 2/26/2009 02:37:00 PM
Thursday, February 26, 2009
From Bloomberg: AIG Rescue May Include Credit-Default Swap Backstop
American International Group Inc. may get a backstop from the U.S. to protect against further losses on credit-default swaps, according to a person familiar with the matter.There you have it.
The federal guarantees may be included in New York-based AIG’s restructured bailout ...
This will probably be announced Sunday night or Monday morning.
Posted by Bill McBride on 2/26/2009 02:37:00 PM