Aid for AIG grows to $150B
Nov 10 - The U.S. government announced Monday that it is increasing aid for insurance giant AIG to $150B.
In its ongoing effort to stabilize financial markets the U.S. government announced a heftier aid package for insurance firm, American International Group at $150B Monday. The revised terms give the U.S. government an 80% stake in the firm and provide AIg withmore breathing room with less onerous lending requirements.
Jeanne Yurman reports from New York.
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