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Fed blinks in AIG case
Christopher Galakoutis
Tuesday, September 16 2008 9:07 PM
The Federal Reserve appears to have blinked in the AIG standoff, agreeing tonight to provide an 85B loan to the ailing insurer in return for a reportedly 80% ownership stake.
Details of the about face continue to emerge but it should be obvious this is yet another bailout by the government of a fin...
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