Why has Fed bailed out AIG?
Wednesday, September 17th, 2008The Fed announced today a cash injection of $95 billion in exchange for a 2-year bridge loan and a 79.9% equity stake. But why has the Fed saved AIG when only a few days ago, the Fed refrained from offering any kind of guarantees to the troubled Lehman Brothers, failing to prevent the ex-fourth-largest-US- investment-bank’s […]