Aig, They Need & Ask For Another Bale Out!!!

[Mega]

Sorry no link as yet, i be back with one!
Mike

[Chomsky]

Re: Aig, They Need & Ask For Another Bale Out!!!

Here, let me help:

AIG is asking the US government for a new bail-out less than two months after the Federal Reserve came to the rescue of the stricken insurer with an $85bn loan, according to people close to the situation.

AIG’s executives were on Friday night locked in negotiations with the authorities over a plan that could involve a debt-for-equity swap and the government’s purchase of troubled mortgage-backed securities from the insurer.

People close to the talks said the discussions were on-going and might still collapse, but added that AIG was pressing for a decision before it reports third-quarter results on Monday.

http://www.ft.com/cms/s/0/1b1b2622-a...nclick_check=1