AIG - responsible for insuring much of the sub-prime mortgage in the market - has been bailed out by the Fed in return for about 80% equity and completely new management. Markets the world over must be heaving a sigh of relief.
AIG - responsible for insuring much of the sub-prime mortgage in the market - has been bailed out by the Fed in return for about 80% equity and completely new management. Markets the world over must be heaving a sigh of relief.
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