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Monday, September 15, 2008

NY Fed Meeting on AIG

by Calculated Risk on 9/15/2008 01:33:00 PM

Just headlines for now ...

NY Fed spokesman confirms meeting on AIG.

NY Fed hosting meeting with Treasury, Banks on AIG.

Geithner (NY Fed President), Dinallo (Superintendent of Insurance for New York State) at meeting that began at 11:30 AM ET.

CNBC reported the NY Fed hired Morgan Stanley to negotiate bridge loan for AIG.

Update: the last time the Fed hired Morgan Stanley was to advise on possible alternatives for Fannie and Freddie. That didn't work out too well for investors.