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Treasury Secretary Paulson Repeatedly Called The U.S. Bankin 2008.Sep.18. Posted in Focus

Last night, “in an unprecedented move,” the Federal Reserve announced that it would lend troubled insurance giant AIG $85 billion. In return, “the federal government will receive a 79.9% stake in the company.”

Fed To Give A.I.G. $85 Billion Loan And Take 80% Stake

Where did the government get $85 billion to bail out AIG?

Fed to lend $85 billion to AIG, take 80 percent stake

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