Saturday, October 25, 2008

AIG Bail-Out Billions Burning Holes In Its Pockets - Going Fast

AIG was given an $85 billion loan on Sept. 16 to avoid bankruptcy. This month AIG was given another $38 billion in credit to keep the firm from blowing the first loan too quickly.

AIG has $13 billion left of the first $85 billion, and $20 billion left of the $38 billion credit line.

A total of $33 billion left.

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