[ Reuters: Top News] Fed to lend $85 billion to AIG, take 80 percent stake
Posted: Tue Sep 16, 2008 9:30 pm
WASHINGTON (Reuters) - The U.S. Federal Reserve Board on Tuesday said the Federal Reserve Bank of New York will lend up to $85 billion to the American International Group in a plan aimed at saving the insurer from a "disorderly failure" that could wreak economic havoc.
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