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Monday, November 10, 2008

Larger Bailout for AIG

by Calculated Risk on 11/10/2008 12:28:00 AM

From the NY Times: A.I.G. May Get More in Bailout

The Treasury Department and the Federal Reserve were near a deal to abandon the initial bailout plan and invest another $40 billion in the company ... When the restructured deal is complete, taxpayers will have invested and lent a total of $150 billion to A.I.G., the most the government has ever directed to a single private enterprise. ... The revised deal, which may be announced as early as Monday morning ...
What a mess ...