Sunday, March 1, 2009

American International Group, INC

AIG will be bailed out again.  Ratings agencies, Standard & Poor and Moody's Investor's Service have approved the rescue package for the troubled company.  From the article: 

"Fearing that a collapse of AIG would wreak havoc on the world financial system, the U.S. government stepped in to save the insurer last September. The rescue plan awaiting approval is the third version and was worked out over a period of months, according to the report."

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