Keep On Top Of News If You Have An Insurance Policy With AIG
By:
DailyMarkets.com
Posted on September 17, 2008 at 11:30 AM EDT
The Federal Reserve lent the soon-to-be-former-Dow-component AIG (AIG) $85 billion. In exchange, the company must sell off its assets to pay back the loan. The interest rate is LIBOR plus 8.5%, which is equivalent to the terms of many credit cards. Many of the company’s insurance units are profitable, and there is some scuttlebutt that this [...]
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