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Ξ November 16th, 2008 | → | ∇ Uncategorized |
Top 10 News Items 11/10-11/14: Fed Announces New AIG Bailout, Gov’t Abandons Buying Troubled Assets, China Plans $586B Stimulus Package
this is a recap of the clip 10 news items for the last week on wall street: 1. the week started off with the announcement that the federal detachment auxiliary board and the u.s. treasury had restructured aig’s (nyse: aig) original bailout package “in order to keep the coterie fragrant and facilitate its skills to complete its restructuring process successfully.” besides an concerned rate reduction on its credit facility, aig’s access to funds improve from the primordial $85 billion to $152.5 billion. shares of aig surged 8% on monday, but by the end of the week, had traded down to relatively the
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